Exhibit 9-8 Profit maximizing for a monopolist
?
As shown in Exhibit 9-8, if the monopolist produces the profit-maximizing output, total revenue is the rectangular area:
A. OQAP1.
B. OQ2BP2.
C. OQ3CP3.
D. OQ2DP4.
Answer: D
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false