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-If the Monopoly Firm Maximizes Profit,consumers Will Pay

Question 31

Multiple Choice

-If the monopoly firm maximizes profit,consumers will pay: A) $2.00 per unit and consumer surplus will be $45. B) $2.50 per unit and consumer surplus will be $18.75. C) $3.50 per unit and consumer surplus will be $11.25. D) $3.50 per unit and consumer surplus will be $22.5.
-If the monopoly firm maximizes profit,consumers will pay:


A) $2.00 per unit and consumer surplus will be $45.
B) $2.50 per unit and consumer surplus will be $18.75.
C) $3.50 per unit and consumer surplus will be $11.25.
D) $3.50 per unit and consumer surplus will be $22.5.

Correct Answer:

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