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Question 11

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Use the following figure to answer the question : Figure 12-1 : shows the downward sloping demand and marginal revenue [MR] curves of a monopolist. The MR curve intersects the marginal cost [MC] curve at point B. MC is constant at the P1.
Use the following figure to answer the question : Figure 12-1 : shows the downward sloping demand and marginal revenue [MR] curves of a monopolist. The MR curve intersects the marginal cost [MC] curve at point B. MC is constant at the P<sub>1</sub>. -Refer to Figure 12-1. If the monopolist cannot price discriminate, profit will be equal to: A) the area P<sub>3</sub>AP<sub>2</sub>. B) the area P<sub>2</sub>AQ<sub>1</sub>O. C) the area P<sub>2</sub>ABP<sub>1</sub>. D) zero.
-Refer to Figure 12-1. If the monopolist cannot price discriminate, profit will be equal to:


A) the area P3AP2.
B) the area P2AQ1O.
C) the area P2ABP1.
D) zero.

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