Graph 15-3
This graph reflects the cost and revenue structure for a monopoly firm. Use the graph to answer the following question(s).
-Refer to Graph 15-3. A profit-maximising monopoly would have a total revenue equal to:

Question

Graph 15-3
  This graph reflects the cost and revenue structure for a monopoly firm. Use the graph to answer the following question(s).
-Refer to Graph 15-3. A profit-maximising monopoly would have a total revenue equal to:

Quizplus · Accepted Answer

To find the total revenue, we need to multiply the price (P₃) by the quantity (Q₂). Thus, the formula for total revenue would be P₃ F1F1F1S1F1F1F10 Q₂. This is option C.

Graph 15-3 This Graph Reflects the Cost and Revenue Structure