The Following Figure Shows the Revenue Curves of a Monopolist

question 16

Multiple Choice

The following figure shows the revenue curves of a monopolist: Figure 10.6
D: Average revenue
MR: Marginal revenue
-In Figure 10.6,assume that marginal costs are constant at $2,500 and fixed costs are 0.What would be the amount of consumer surplus if the market was perfectly competitive?

• A)$1,000,000
• B)$500,000
• C)$300,000
• D)$250,000

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