Refer to the graph shown. If hamburgers are produced by a pure monopoly that maximizes profit, the monopoly firm will:
A) earn $200 economic profit per day.
B) just cover its opportunity cost.
C) earn $100 per day.
D) go out of business.

Question

Refer to the graph shown. If hamburgers are produced by a pure monopoly that maximizes profit, the monopoly firm will: 
A) earn $200 economic profit per day. 
B) just cover its opportunity cost. 
C) earn $100 per day. 
D) go out of business.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If hamburgers are produced by a pure monopoly that maximizes profit, the monopoly firm will: 
A) earn $200 economic profit per day. 
B) just cover its opportunity cost. 
C) earn $100 per day. 
D) go out of business.

Refer to the Graph Shown