Figure 13.9Revenueand costs2724.502113#DemandMO600 800 940 1100MCATCB) $11.50C) $21D) There is no difference.QuantityFigure 13.9 shows the demand and cost curves for a monopolist.Refer to Figure 13.9. At the profit-maximizing quantity, what is the difference between themonopoly's price and the marginal cost of production?A) $8

A monopoly is a type of market where there exists only one seller and many buyers. Thus the…

Figure 13.9 Revenue and costs 24.50 21 600 940 1100 C) $21 Demand Figure 13.9 shows the demand and cost curves for a monopolist. Quantity Refer to Figure 13.9. At the profit-maximizing quantity, what is the difference between the monopoly's price and the marginal cost of production? A) $8 B) $11.50 D) There is no difference.