Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 $30 48 70 3. $30 78 60 $30 110 50 $30 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $70.00 O $100.00 $82.00 O $102.00

Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 $30 48 70 3. $30 78 60 $30 110 50 $30 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $70.00 O $100.00 $82.00 O $102.00

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter11: Monopoly And Antitrust Policy

Section: Chapter Questions

Problem 37P: If the transit system were allowed to operate as an unregulated monopoly, what output would it...

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Question

Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$30
$0
90
1
$30
20
80
$30
48
70
3
$30
78
60
$30
110
50
$30
150
Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of
about
$70.00
O $100.00
O $82.00
$102.00

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