(Table: Information on a Firm) Which of the following are the extra monopoly profits that this firm will earn if it enters the foreign market?

Question

Quizplus · Accepted Answer

The extra monopoly profits that the firm will earn if it enters the foreign market is the difference between the total revenue in the foreign market and the total cost in the foreign market. From the table, we can see that the total revenue in the foreign market is $2,500, and the total cost in the foreign market is $2,375. Therefore, the extra monopoly profits would be $2,500 - $2,375 = $125.

(Table: Information on a Firm) Which of the Following Are