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The Following Figure Shows Revenue and Cost Curves of a Monopolist

Question 52

Multiple Choice

The following figure shows revenue and cost curves of a monopolist. Figure 10.8 The following figure shows revenue and cost curves of a monopolist. Figure 10.8 AR: Average revenue curve MR: Marginal revenue curve MC: Marginal cost curve -According to Figure 10.8,the profit maximizing price of the monopolist is: A) 0. B) P<sub>4.</sub> C) P<sub>3.</sub> D) P<sub>2.</sub> E) P<sub>1.</sub>
AR: Average revenue curve
MR: Marginal revenue curve
MC: Marginal cost curve
-According to Figure 10.8,the profit maximizing price of the monopolist is:


A) 0.
B) P4.
C) P3.
D) P2.
E) P1.

Correct Answer:

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