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

question 143

Multiple Choice

The figure below shows the cost and revenue curves for a non price-discriminating monopolist. At the profit-maximizing output, the non price-discriminating monopolist is earning a profit of _____.​ ​
Figure 9.2
​

• A)$6,200​
• B)$13,320
• C)$11,000
• D)$15,200
• E)$0

---

Definitions:

Monopoly Power

The ability of a single entity to control a significant portion of the market and influence price or output levels.

Status Quo Bias

A cognitive bias that leads individuals to prefer things to remain the same or maintain their current state over pursuing change.

Status Quo Bias

The preference for maintaining current conditions or resisting change, even when better alternatives exist.

Anchoring Effect

A cognitive bias where an individual depends too heavily on an initial piece of information (the "anchor") when making decisions.