The Following Figure Shows the Revenue Curves of a Monopolist

question 28

Multiple Choice

The following figure shows the revenue curves of a monopolist: Figure 10.6 D: Average revenue
MR: Marginal revenue
In Figure 10.6, assume that marginal costs are constant at $2, 500 and fixed costs are 0.What would be the amount of consumer surplus if the market was perfectly competitive?

• A)$1, 000, 000
• B)$500, 000
• C)$300, 000
• D)$250, 000

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