Multiple Choice
A monopolist faces an average total cost of $10 when it produces 400 units of its product.If it sells the 400 units at $6 per unit,the monopolist ________.
A) makes a profit of $600
B) incurs a loss of $600
C) makes a profit of $1,600
D) incurs a loss of $1,600
Correct Answer:
Verified
Correct Answer:
Verified
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