Use the following to answer questions:
Figure: Monopolist
-(Figure: Monopolist) Refer to the figure. Based on the demand curves for a monopolist's product in two different markets-Market A and Market B-if the monopolist were to charge a uniform price of $10 in both markets, how much profit would the monopolist lose?
A) $234.75
B) $146.25
C) $48.75
D) $97.50

Question

Use the following to answer questions:
Figure: Monopolist 
-(Figure: Monopolist) Refer to the figure. Based on the demand curves for a monopolist's product in two different markets-Market A and Market B-if the monopolist were to charge a uniform price of $10 in both markets, how much profit would the monopolist lose?
A) $234.75 
B) $146.25 
C) $48.75 
D) $97.50

Quizplus · Accepted Answer

The Answer is C

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