The Following Graph Gives Cost and Revenue Data for a Monopolist

question 20

Multiple Choice

The following graph gives cost and revenue data for a monopolist:

-Refer to the above graph to answer this question.If the monopolist is regulated and forced to charge the socially optimum price,what will be its resulting total revenue?

• A)$700.
• B)$2,400.
• C)$2,750.
• D)$3,000.
• E)$3,150.

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Definitions:

Skeletal

Relating to or functioning as a part of the skeleton, the internal framework that supports and determines the shape of an organism.

Cardiovascular

Relating to the heart and blood vessels and their functions in circulating blood throughout the body.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.

Effector

A muscle, gland, or organ that responds to a stimulus from the nervous system by producing a specific effect or action.