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Suppose a Monopolist Faces the Demand Curve and Cost Curves

Question 67

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Suppose a monopolist faces the demand curve and cost curves shown below. Suppose a monopolist faces the demand curve and cost curves shown below.   FIGURE 10-5 -Refer to Figure 10-5.If this single-price monopolist is producing at the profit-maximizing level of output,the total profit is represented by the area A) 0P<sub>4</sub>aQ<sub>0</sub>. B) P<sub>4</sub>abP<sub>2</sub>. C) P<sub>3</sub>ceP<sub>2</sub>. D) 0P<sub>2</sub>bQ<sub>0</sub>. E) 0P<sub>0</sub>fQ<sub>0</sub>. FIGURE 10-5
-Refer to Figure 10-5.If this single-price monopolist is producing at the profit-maximizing level of output,the total profit is represented by the area


A) 0P4aQ0.
B) P4abP2.
C) P3ceP2.
D) 0P2bQ0.
E) 0P0fQ0.

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