Exhibit 9-11 in Exhibit 9-11, for a Monopolist That

Multiple Choice

Exhibit 9-11 In Exhibit 9-11, for a monopolist that does not price discriminate, consumer surplus at the profit-maximizing level of output is

A) the area under the demand curve bounded above a price of $136
B) the area under the demand curve bounded by average total cost of $110
C) the area under the marginal revenue curve bounded by a marginal revenue of $60
D) $0
E) equal to total consumer expenditure