Refer to the graph shown. If this monopolist sets the price to maximize profit, it will earn economic profit of:
A) $1,600 per day.
B) $2,400 per day.
C) $4,800 per day.
D) $7,200 per day.

Question

Refer to the graph shown. If this monopolist sets the price to maximize profit, it will earn economic profit of: 
A) $1,600 per day. 
B) $2,400 per day. 
C) $4,800 per day. 
D) $7,200 per day.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If this monopolist sets the price to maximize profit, it will earn economic profit of: 
A) $1,600 per day. 
B) $2,400 per day. 
C) $4,800 per day. 
D) $7,200 per day.

Refer to the Graph Shown