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Refer to the Above Graph

Question 23

Multiple Choice

Refer to the above graph.Consider a monopolist in short-run equilibrium.This monopolist: A) has a loss per unit equal to DE. B) has total fixed costs equal to area BEFC. C) earns economic profit equal to area ABED. D) will cease production since its economic profits are negative. Refer to the above graph.Consider a monopolist in short-run equilibrium.This monopolist:


A) has a loss per unit equal to DE.
B) has total fixed costs equal to area BEFC.
C) earns economic profit equal to area ABED.
D) will cease production since its economic profits are negative.

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