The Following Figure Shows the Revenue Curves of a Monopolist

question 51

Multiple Choice

The following figure shows the revenue curves of a monopolist: Figure 24.6 D: Average revenue
MR: Marginal revenue
In Figure 24.6, 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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