Multiple Choice
Use the following to answer question:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.At the profit-maximizing output and price for a monopolist,total surplus is:
A) $3,200.
B) $4,800
C) $1,000.
D) $1,600.
Correct Answer:

Verified
Correct Answer:
Verified
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