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AndrewKraus AndrewKraus
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7 years ago
A monopolist faces an average total cost of $10 when it produces 400 units of its product. If it sells the 400 units at $6 per unit, ________.
A) the monopolist makes a profit of $600
B) the monopolist makes a loss of $600
C) the monopolist makes a profit of $1,600
D) the monopolist makes a loss of $1,600
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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7 years ago
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AndrewKraus Author
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#2
7 years ago
Excellent answer, thx
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