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Alona [7]
3 years ago
14

Help !!!!!!!!!!

SAT
1 answer:
alex41 [277]3 years ago
5 0

Answer:

about 66

Explanation:

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the figure below illustrates the cost and revenue structure for a monopoly firm refer to figure 15-3 a profit maximizing monopol
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A profit maximizing monopoly's total revenue is equal to; (P₃ - P₀) * Q₂

<h3>How to interpret Monopoly Curve?</h3>

Pure monopoly can raise the market price indefinitely due to the fact that the market structure is characterized by a single seller or manufacturer, selling a particular product in the market.

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In the attached image which shows the cost and revenue structure for a Monopoly Firm Cost And Revenue($) and we see that, curve A is the demand curve, Curve B is the marginal revenue curve, curve C is the marginal cost curve and curve D is the average total cost curve.

Thus, a profit maximizing monopoly's total revenue is equal to;

(P₃ - P₀) * Q₂

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