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The Following Figure Shows the Revenue Curves of a Monopolist

Question 16

Multiple Choice

The following figure shows the revenue curves of a monopolist: Figure 10.6 The following figure shows the revenue curves of a monopolist: Figure 10.6    D: Average revenue MR: Marginal revenue -In Figure 10.6,assume that marginal costs are constant at $2,500 and fixed costs are 0.What would be the amount of consumer surplus if the market was perfectly competitive? A) $1,000,000 B) $500,000 C) $300,000 D) $250,000
D: Average revenue
MR: Marginal revenue
-In Figure 10.6,assume that marginal costs are constant at $2,500 and fixed costs are 0.What would be the amount of consumer surplus if the market was perfectly competitive?


A) $1,000,000
B) $500,000
C) $300,000
D) $250,000

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