Use the following to answer question:
Figure: Monopoly Model
-(Figure: Monopoly Model) Use Figure: Monopoly Model.When the firm is in equilibrium (that is,maximizing its economic profit) ,its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.
A) 0PDJ;SPDB
B) 0IHJ;IPDH
C) IPDH;0SBJ
D) 0SBJ;0PDJ
Correct Answer:
Verified
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