What Is the Monopolist's Profit Under the Following Conditions? the Profit-Maximising

question 60

Multiple Choice

What is the monopolist's profit under the following conditions? The profit-maximising price charged for goods produced is $32. The intersection of the marginal-revenue and marginal cost-curves occurs where output is 10 units and marginal cost is $16. Average cost for 10 units of output is $12.

• A) $160
• B) $200
• C) $3200
• D) $20

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