Figure 15-9 Figure 15-9 Shows the Demand and Cost Curves for a and Cost

question 47

Multiple Choice

Figure 15-9

Figure 15-9 shows the demand and cost curves for a monopolist.
-Refer to Figure 15-9.At the profit-maximizing quantity, what is the difference between the monopoly's price and the marginal cost of production?

• A)$8
• B)$11.50
• C)$21
• D)There is no difference.

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