Use the Following Information to Answer the Following Questions: the Accompanying

question 32

Multiple Choice

Use the following information to answer the following questions: The accompanying figure depicts the demand (D) curve for general admission concert tickets to see ECON-Jammin',the world's first economics rock band,which is scheduled to visit your city next month.The concert venue can accommodate 100 fans with a marginal cost (MC) of $10 per person.

-If ECON-Jammin' charges a single price to see the band in concert and follows the profit-maximizing rule for a monopoly,how much net revenue will be generated?

• A) $1,600
• B) $600
• C) $400
• D) $350
• E) $200

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