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cricket20 [7]
2 years ago
6

A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to E

xhibit 1. A single-price monopolist earns a total profit of __________ when it produces and sells 20 units of its good.
SAT
1 answer:
NARA [144]2 years ago
6 0

From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.

<h3>How do we arrive at $80?</h3>

Total profit  = revenue - cost

Revenue  = price x number of units sold

Revenue  at 20 units  =

20  x9 = $180

Given that Total cost at 20 units is $100, thus,
Total Profit  = 180 - 100

= $80.

Learn more about profit at;
brainly.com/question/1078746
#SPJ1

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