The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run. ![The following figure shows the marginal revenue [MR],demand,and average cost [AC] curves for a profit-maximizing monopolist in the long run. Refer to Figure 11-3.The profit of the monopolist is shown by the area _____. A) AFCO B) IHB C) AFGB D) AFHB](https://d2lvgg3v3hfg70.cloudfront.net/TB1826/11ea857e_d7ae_0182_a433_d3b7babb31a1_TB1826_00_TB1826_00.jpg)
Refer to Figure 11-3.The profit of the monopolist is shown by the area _____.
A) AFCO
B) IHB
C) AFGB
D) AFHB
Correct Answer:
Verified
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