-If the above figure accurately portrays the market conditions for a given monopolist, we can be assured that the monopolist
A) is making a normal profit.
B) is producing at the level that will maximize benefit to society.
C) is making excessive profits.
D) will be forced to go out of business in the long run.

Question

-If the above figure accurately portrays the market conditions for a given monopolist, we can be assured that the monopolist
A) is making a normal profit. 
B) is producing at the level that will maximize benefit to society. 
C) is making excessive profits. 
D) will be forced to go out of business in the long run.

Quizplus · Accepted Answer

The Answer of 
-If the above figure accurately portrays the market conditions for a given monopolist, we can be assured that the monopolist
A) is making a normal profit. 
B) is producing at the level that will maximize benefit to society. 
C) is making excessive profits. 
D) will be forced to go out of business in the long run.

-If the Above Figure Accurately Portrays the Market Conditions for a Given