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The Following Figure Shows the Revenue Curves of a Monopolist

Question 55

Multiple Choice

The following figure shows the revenue curves of a monopolist:
Figure 11.6
The following figure shows the revenue curves of a monopolist: Figure 11.6    D: Average revenue MR: Marginal revenue -In Figure 11.6, assume that marginal costs are constant at $2,500 and fixed costs are 0. What would be the amount of consumer surplus if the market was perfectly competitive? A) $1,000,000 B) $500,000 C) $300,000 D) $250,000 E) $350,000 D: Average revenue
MR: Marginal revenue
-In Figure 11.6, assume that marginal costs are constant at $2,500 and fixed costs are 0. What would be the amount of consumer surplus if the market was perfectly competitive?


A) $1,000,000
B) $500,000
C) $300,000
D) $250,000
E) $350,000

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