The graph above shows the demand and cost conditions facing a monopolist. What is the maximum profit the monopolist can earn?

A. $30
B. $2,400
C. $1,800
D. $10
E. $800

Answer: C

Economics

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To calculate the internal rate of return on a factory that would yield a perpetual future stream of income, one would divide

A) the annual future payment by the cost of the factory. B) the sum of the future payments by the cost of the factory. C) the cost of the factory by the rate of interest. D) the cost of the factory by the annual future payment.

Economics

The thing or things that a company does better than its competitors is called its

A) comparative advantage B) absolute advantage C) core competency D) positive externality

Economics