The Figure Below Shows the Cost and Revenue Curves for a Monopolist

question 69

Multiple Choice

The figure below shows the cost and revenue curves for a monopolist. Assume that the marginal cost of production is equal to the average total cost at the profit maximizing output level. The maximum profit for this monopolist if he does not practice price discrimination is _____.​ ​
Figure 9.4
​

• A)$4
• B)$14
• C)$3.50
• D)$21
• E)$4.

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Definitions:

Partly Masculinized

Referring to the presence of physical or behavioral traits typically associated with males, to some degree, in an individual.

Partly Feminized

A description for something or someone exhibiting certain characteristics typically associated with femininity, but not exclusively or entirely.

Testosterone

Testosterone is a steroid hormone that plays a key role in the development of male reproductive tissues and the promotion of secondary sexual characteristics.

Estrogen

A group of hormones important in the development and regulation of the female reproductive system and secondary sex characteristics.