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Exhibit 24-1 -Refer to Exhibit 24-1.If the Product Is Produced Under Single-Price

Question 179

Multiple Choice

Exhibit 24-1
Exhibit 24-1 -Refer to Exhibit 24-1.If the product is produced under single-price monopoly,what do profits equal at the profit maximizing level of output? A) area 0P<sub>1</sub>BQ<sub>1</sub> B) area BCA C) area P1P<sub>2</sub>CB D) area P<sub>2</sub>CAP<sub>1</sub> E) none of the above
-Refer to Exhibit 24-1.If the product is produced under single-price monopoly,what do profits equal at the profit maximizing level of output?


A) area 0P1BQ1
B) area BCA
C) area P1P2CB
D) area P2CAP1
E) none of the above

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