Multiple Choice
A monopolist produces and sells 400 units at a price of $40 per unit. The monopolist's marginal cost is equal to $15 and average cost is equal to $23. The monopolist's profit is:
A) $6,800.
B) $8,000.
C) $10,000.
D) $16,000.
E) None of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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