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Question 245

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Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price Use the following to answer questions: Figure: The Profit-Maximizing Output and Price -(Figure: The Profit-Maximizing Output and Price) Look at the 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.
-(Figure: The Profit-Maximizing Output and Price) Look at the 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.

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