Refer to the graph for a profit-maximizing monopolist. At equilibrium, the firm will be earning
A)positive profits.
B)negative profits.
C)zero profits.
D)profits that cannot be determined from the given graph.

Question

Refer to the graph for a profit-maximizing monopolist. At equilibrium, the firm will be earning
A)positive profits. 
B)negative profits. 
C)zero profits. 
D)profits that cannot be determined from the given graph.

Quizplus · Accepted Answer

The Answer of  Refer to the graph for a profit-maximizing monopolist. At equilibrium, the firm will be earning
A)positive profits. 
B)negative profits. 
C)zero profits. 
D)profits that cannot be determined from the given graph.

Refer to the Graph for a Profit-Maximizing Monopolist