Multiple Choice
A monopolist faces an average total cost of $6 when it produces 200 units of its product.If it sells the 200 units at $8 per unit,the monopolist ________.
A) incurs a loss of $200
B) incurs a loss of $400
C) makes a profit of $200
D) makes a profit of $400
Correct Answer:
Verified
Correct Answer:
Verified
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