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Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.At the profit-maximizing output and price for a monopolist,consumer surplus is:
A) $0.
B) $600.
C) $1,000.
D) $1,600.
Correct Answer:
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