Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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Q51: The figure given below shows the cost
Q52: The figure given below shows the aggregate
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Q54: The figure given below shows the cost
Q56: The figure given below shows the cost
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Q58: The figure given below shows the demand
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Q60: The figure given below shows the aggregate