If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100
If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 3CQ
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46. If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit?
Group of answer choices
$200
$50
$900
$100
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