The monopolist is earning a profit equal toPrice, cost,marginalrevenue ofdiamond$1006020MC ATCC.8.10-20MR-40Quantity of diamonds$0O $40O $80O $160O $24000

Option 4 is correct answer $160

Answered: The monopolist is earning a profit…

Business

Economics

The monopolist is earning a profit equal to

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 23RQ: Is a monopolist allocatively efficient? Why or why not?

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Question

The monopolist is earning a profit equal to
Price, cost,
marginal
revenue of
diamond
$100
60
20
MC ATC
C.
8.
10
-20
MR
-40
Quantity of diamonds
$0
O $40
O $80
O $160
O $240
00

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