The figure below shows the cost and revenue curves for a monopolist. Assume that the marginal cost of production is equal to the average total cost at the profit maximizing output level. The maximum profit for this monopolist if he does not practice price discrimination is _____.
Figure 9.4

A)$4
B)$14
C)$3.50
D)$21
E)$4.

Question

The figure below shows the cost and revenue curves for a monopolist. Assume that the marginal cost of production is equal to the average total cost at the profit maximizing output level. The maximum profit for this monopolist if he does not practice price discrimination is _____.​ ​
Figure 9.4
​

A)$4 
B)$14 
C)$3.50 
D)$21 
E)$4.

Quizplus · Accepted Answer

The Answer of The figure below shows the cost and revenue curves for a monopolist. Assume that the marginal cost of production is equal to the average total cost at the profit maximizing output level. The maximum profit for this monopolist if he does not practice price discrimination is _____.​ ​
Figure 9.4
​

A)$4 
B)$14 
C)$3.50 
D)$21 
E)$4.

The Figure Below Shows the Cost and Revenue Curves for a Monopolist