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123lol456 123lol456
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A year ago
Profit of a Monopoly

The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC) and average total cost curve (ATC) for a monopolist.



Assume that P1=$36 P2=$41, P3=$50, P4=$54, Q1=900, and Q2=1900. Total ________ (economic profit/economic loss) for the monopoly is ________.
Please round your final answer to two decimal places.

▸ economic loss, $12,600.00

▸ economic profit, $12,600.00

▸ economic profit, $3600.00

▸ economic loss, $3600.00
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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CJWVail2CJWVail2
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A year ago
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123lol456 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
aricketts6@
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
dearsophia21
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2 hours ago
Thanks for your help!!
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