If a Monopolist Sells 200 Units at $10 Per Unit

question 207

Multiple Choice

If a monopolist sells 200 units at $10 per unit and realises an average total cost of $6 per unit, what is the monopolist's profit?

• A)$800
• B)$1400
• C)$2000
• D)none of the above

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Definitions:

Rescission

The termination of a contract.

Consensual Relationship

A mutual agreement between parties or individuals without coercion or duress, often used in the context of personal or workplace relationships.

Formal Written Contract

A contract that is officially documented in written form and typically requires a certain level of formality and requirements to be legally binding.

Area of Specialty

A specific domain or field in which an individual or organization possesses extensive knowledge or expertise.