The Following Figure Shows the Revenue Curves of a Monopolist

question 100

Multiple Choice

The following figure shows the revenue curves of a monopolist:
Figure 11.6
D: Average revenue
MR: Marginal revenue
-Refer to Figure 11.6. Assume that marginal costs are constant at $2,500 and fixed costs are zero. Under a monopoly, consumer surplus would be:

• A)$100,000.
• B)$500,000.
• C)$300,000.
• D)$250,000.
• E)$200,000.

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