Figure 11-5
-In Figure 11-5 are the cost and revenue curves of a monopolist in the theater market, Crown Theater, which is the only movie theater in the city.At its profit-maximizing quantity of tickets sold, movie goers will buy ____ tickets.
A)60
B)100
C)120
D)140

Question

Figure 11-5 
-In Figure 11-5 are the cost and revenue curves of a monopolist in the theater market, Crown Theater, which is the only movie theater in the city.At its profit-maximizing quantity of tickets sold, movie goers will buy ____ tickets.
A)60 
B)100 
C)120 
D)140

Quizplus · Accepted Answer

The profit-maximizing quantity for a monopolist is where marginal cost (MC) equals marginal revenue (MR). In the context of the given options, this occurs at 100 tickets.

Figure 11-5 -In Figure 11-5 Are the Cost and Revenue Curves of Revenue