Multiple Choice
Use the following to answer question:
Figure: PPV
-(Figure: PPV) Use Figure: PPV.The figure shows the demand and marginal revenue for a pay-per-view football game on cable TV.Assume that the marginal cost and average cost are a constant $20.If the cable company is a monopoly,how much total surplus is there when the monopolist maximizes profit?
A) $240
B) $160
C) $100
D) $320
Correct Answer:

Verified
Correct Answer:
Verified
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