Exhibit 9.7

-Refer to Exhibit 9.7,which shows the cost and revenue curves for a monopolist.If the monopolist chooses to produce 1,000 units and does not discriminate among its customers,its total profit will be _____
A)$0.
B)$104,000.
C)$212,000.
D)maximized.
E)negative.

Question

Exhibit 9.7
 
-Refer to Exhibit 9.7,which shows the cost and revenue curves for a monopolist.If the monopolist chooses to produce 1,000 units and does not discriminate among its customers,its total profit will be _____
A)$0. 
B)$104,000. 
C)$212,000. 
D)maximized. 
E)negative.

Quizplus · Accepted Answer

The Answer of Exhibit 9.7
 
-Refer to Exhibit 9.7,which shows the cost and revenue curves for a monopolist.If the monopolist chooses to produce 1,000 units and does not discriminate among its customers,its total profit will be _____
A)$0. 
B)$104,000. 
C)$212,000. 
D)maximized. 
E)negative.

Exhibit 9.7 -Refer to Exhibit 9.7,which Shows the Cost and Revenue Curves