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    Principles of Economics Study Set 1
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    Exam 8: Monopoly, Oligopoly, and Monopolistic Competition
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    Suppose the Accompanying Figure Shows the Demand Curve, Marginal Revenue
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Suppose the Accompanying Figure Shows the Demand Curve, Marginal Revenue

Question 112

Question 112

Multiple Choice

Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.   At this monopolist's profit-maximizing level of output, consumer surplus is ________. A) $9,000 B) $4,500 C) $4,000 D) $2,000 At this monopolist's profit-maximizing level of output, consumer surplus is ________.


A) $9,000
B) $4,500
C) $4,000
D) $2,000

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