Figure 14-15
-Refer to Figure 14-15.If there are no fixed costs of production,monopoly profit without price discrimination equals

Question

Figure 14-15 
-Refer to Figure 14-15.If there are no fixed costs of production,monopoly profit without price discrimination equals

Quizplus · Accepted Answer

The monopoly profit without price discrimination can be found by calculating the area of the shaded rectangle, which is equal to ($20 - $10) x 100 = $1,000. Therefore, the correct answer is option C, $2,000 total revenue minus $1,000 total cost equals $1,000 monopoly profit.

Figure 14-15 -Refer to Figure 14-15.If There Are No Fixed Costs of Fixed