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.

---

Definitions:

Grandparents

The parents of an individual's father or mother, who can play diverse roles in the family ranging from caregivers to sources of wisdom and tradition.

Godparents

Refers to individuals chosen to be responsible for a child's religious education and to care for them if the parents are unable.

Family Solidarity

Relates to the bonds of support, loyalty, and unity amongst family members.

Vietnamese Saying

A phrase or expression that is specific to Vietnamese culture, often embodying traditional wisdom, values, or experiences of the Vietnamese people.