Figure 11-3
-In Figure 11-3, one can tell from the graph that the monopolist will earn a positive profit only if
A)the price exceeds $3.
B)the price exceeds $2.
C)output is less than 60 units.
D)One cannot tell from the information given.

Question

Figure 11-3 
-In Figure 11-3, one can tell from the graph that the monopolist will earn a positive profit only if
A)the price exceeds $3. 
B)the price exceeds $2. 
C)output is less than 60 units. 
D)One cannot tell from the information given.

Quizplus · Accepted Answer

The Answer of Figure 11-3 
-In Figure 11-3, one can tell from the graph that the monopolist will earn a positive profit only if
A)the price exceeds $3. 
B)the price exceeds $2. 
C)output is less than 60 units. 
D)One cannot tell from the information given.

Figure 11-3 -In Figure 11-3, One Can Tell from the Graph That