-How much profit will the profit-maximizing level of output for the non-discriminating monopolist in Figure 10-3 yield?
A)$10
B)$20
C)$30
D)$40
E)$50

Question

-How much profit will the profit-maximizing level of output for the non-discriminating monopolist in Figure 10-3 yield?
A)$10 
B)$20 
C)$30 
D)$40 
E)$50

Quizplus · Accepted Answer

The profit-maximizing level of output for the non-discriminating monopolist in Figure 10-3 is where marginal revenue equals marginal cost. At this point, the monopolist is producing 10 units of output and selling them for $30 each. The monopolist's total revenue is $300, and its total cost is $280. Therefore, the monopolist's profit is $20.

-How Much Profit Will the Profit-Maximizing Level of Output for the Non-Discriminating