A monopolist faces an average total cost of $10 when it produces 400 units of its product. If it sells the 400 units at $6 per unit, ________
A) the monopolist makes a profit of $600
B) the monopolist makes a loss of $600
C) the monopolist makes a profit of $1,600
D) the monopolist makes a loss of $1,600
D
Economics
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A natural monopoly that is regulated to set its price according to the marginal cost pricing rule will
A) incur an economic loss. B) maximize its profit. C) produce a quantity of output such that price is above average total cost. D) produce a quantity of output such that marginal cost is above average total cost.
Economics
Among young Americans aged 19 to 25, _____% have no health insurance
a. 11% b. 17% c. 22% d. 26%
Economics