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Figure: Computing Monopoly Profit
-(Figure: Computing Monopoly Profit) Use Figure: Computing Monopoly Profit.At the profit-maximizing output,total cost is:

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Figure: Computing Monopoly Profit

-(Figure: Computing Monopoly Profit) Use Figure: Computing Monopoly Profit.At the profit-maximizing output,total cost is:

Quizplus · Accepted Answer

At the profit-maximizing output, the total cost is P₂0QF. This can be determined by finding the quantity where marginal revenue (MR) equals marginal cost (MC) and then finding the corresponding total cost (TC) on the y-axis. In the figure, the quantity where MR equals MC is QF and the corresponding TC is P₂0QF. Therefore, the correct answer is C.

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