Multiple Choice
The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts) in an urban centre:
-Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by a monopolist.What quantity will be sold,and what will be the total profit or loss?
A) 75 and $0.
B) 80 and $40.
C) 100 and $100.
D) 110 and $0.
E) 110 and $27.50.
Correct Answer:

Verified
Correct Answer:
Verified
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