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The Following Graph Gives Cost and Revenue Data for a Monopolist

Question 52

Multiple Choice

The following graph gives cost and revenue data for a monopolist:
The following graph gives cost and revenue data for a monopolist: -Refer to the above graph to answer this question.If the monopolist is regulated and forced to charge the socially optimum price,what will be its total profit or loss as a result? A) $0. B) Loss of $5. C) Loss of $550. D) Profit of $700. E) Profit of $950.
-Refer to the above graph to answer this question.If the monopolist is regulated and forced to charge the socially optimum price,what will be its total profit or loss as a result?


A) $0.
B) Loss of $5.
C) Loss of $550.
D) Profit of $700.
E) Profit of $950.

Correct Answer:

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