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    Economics Study Set 1
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    Exam 10: Monopoly, cartels, and Price Discrimination
  5. Question
    Suppose That a Single-Price Monopolist Knows the Following Information
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Suppose That a Single-Price Monopolist Knows the Following Information

Question 50

Question 50

Multiple Choice

Suppose that a single-price monopolist knows the following information: Suppose that a single-price monopolist knows the following information:   The total profit being earned by this firm at the current level of output is A) -$2000. B) -$1000. C) 0. D) $1000. E) $2000. The total profit being earned by this firm at the current level of output is


A) -$2000.
B) -$1000.
C) 0.
D) $1000.
E) $2000.

Correct Answer:

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