Refer to the figures above. Suppose the graphs represent the demand for use of a local golf course for which there is no significant competition (it has a local monopoly). P denotes the price of a round of golf and Q is the quantity of rounds sold each day. If the left graph represents the demand during weekdays and the right graph the weekend demand, how much economic profit will this profit-maximizing golf course earn over the course of a full seven-day week?
A. $3400
B. $4200
C. $2700
D. $3700
Answer: B
Economics
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