The following figure shows the marginal cost,average cost,marginal revenue,and the demand curve for a profit-maximizing monopolist.
Figure 11-4 
-Refer to Figure 11-4.What is the firm's economic profit?
Definitions:
Price Inelastic
Describes a situation where the demand for a product or service is relatively unaffected by changes in its price.
Personal Computers
Electronic devices designed for individual use, capable of performing a wide range of tasks such as word processing, internet browsing, and gaming.
Breakeven Point
The point at which total cost and total revenue are equal, meaning there is no net loss or gain.
Average Variable Costs
The total variable costs (costs that change with the level of output) divided by the number of units produced, indicating the average cost of producing each unit.
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