Figure 15-6
-Refer to Figure 15-6. What area measures the monopolist's profit?
A)(K-C)*W
B)(L-A)*T
C)(K-
B)*W
D)0.5[(K-
C)*(Z-

Name: Figure 15-6 -Refer to Figure 15-6. What area measures the monopolist's profit? A)(K-C)*W B)(L-A)*T C)(K- B)*W D)0.5[(K- C)*(Z-
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Question

Figure 15-6 
-Refer to Figure 15-6. What area measures the monopolist's profit?
A)(K-C)*W
B)(L-A)*T 
C)(K-
B)*W 
D)0.5[(K-
C)*(Z-

Quizplus · Accepted Answer

The area that measures the monopolist's profit is equal to (K-B)*W, which represents the difference between the price (K) and the average total cost (B) multiplied by the quantity sold (W). Therefore, choice C is the correct answer.

Figure 15-6 -Refer to Figure 15-6. What Area Measures the Monopolist's Profit