Answered: (Figure: Primary Market of Tickets)…

(Figure: Primary Market of Tickets) Look at the figure Primary Market of Tickets. The figure shows the demand, marginal revenue and marginal cost curves of a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

P (5)
80
50
0
36
MC
48
MR
(thousands)
Reference: Ref-Figure: Primary Market of Tickets
(Figure: Primary Market of Tickets) Look at the figure Primary Market of Tickets. The
figure shows the demand, marginal revenue and marginal cost curves of a
monopolist. According to the figure, the price and the quantity of tickets sold by the
monopolist are, respectively:
A) $50 and 48,000.
B) $80 and 36,000.
C) $0 and 36,000.
D) $50 and 36,000.

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