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imomo imomo
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2 years ago
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=$105, P2=$121, P3=$134, P4=$157, Q1=44, and Q2=66. What is the monopolist's profit in the short run? In the long run?
Please round your final answer to two decimal places.

▸ $1012.00, $0

▸ $2288.00,$0

▸ $2288.00, $2288.00

▸ $1012.00, $1012.00
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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frithnefrithne
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