The following figure shows the revenue curves of a monopolist: Figure 24.6 D: Average revenue
MR: Marginal revenue
Refer to Figure 24.6.Assume that marginal costs are constant at $2, 500 and fixed costs are zero.Under a monopoly, consumer surplus would be:

Question

The following figure shows the revenue curves of a monopolist: Figure 24.6  D: Average revenue
MR: Marginal revenue
Refer to Figure 24.6.Assume that marginal costs are constant at $2, 500 and fixed costs are zero.Under a monopoly, consumer surplus would be:

Quizplus · Accepted Answer

The Answer of The following figure shows the revenue curves of a monopolist: Figure 24.6  D: Average revenue
MR: Marginal revenue
Refer to Figure 24.6.Assume that marginal costs are constant at $2, 500 and fixed costs are zero.Under a monopoly, consumer surplus would be:

The Following Figure Shows the Revenue Curves of a Monopolist