The Following Figure Shows the Revenue Curves of a Monopolist

question 65

Multiple Choice

The following figure shows the revenue curves of a monopolist:
Figure 11.6
D: Average revenue
MR: Marginal revenue
-In Figure 11.6, assume that marginal costs are constant at $2,500 and fixed costs are zero. What price and output level would result from perfect competition?

• A)P = $2,500, Q = 400
• B)P = $2,500, Q = 200
• C)P = $5,000, Q = 0
• D)P = $4,000, Q = 400
• E)P = $4,000, Q = 200

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Definitions:

Communication Style

The characteristic ways in which an individual expresses themselves verbally and non-verbally during interpersonal interactions.

Notes

Written reminders, observations, or recordings of information, commonly used in academic, personal, and professional contexts.

Visual

Pertaining to sight or the ability to see; related to the processing of visual information.

Communication Style

The characteristic manner in which individuals express themselves verbally and nonverbally when communicating with others.