Table 15-4 A Monopolist Faces the Following Demand Curve

question 416

Multiple Choice

Table 15-4
A monopolist faces the following demand curve:
-Refer to Table 15-4. If the monopolist produces 5 units, what is its average revenue?

• A)$100
• B)$20
• C)$5
• D)$4

---

Definitions:

Job Applicant

A job applicant is an individual who expresses interest in and applies for a vacant position within a company or organization.

Customer Care Center

A department within a company that handles inquiries, supports customers with their needs, and resolves any problems or complaints.

Defective Product

A Defective Product is an item that fails to meet quality standards or does not function as intended, leading to dissatisfaction or harm.

Routine Message

A standardized or regularly occurring communication used in daily operations within organizations or personal communications.