12. Monopoly
Monopoly Profit on the Graph
Multiple Choice
Multiple ChoiceThe economic profit can be found by multiplying the difference between P and ATC by quantity. It can also be found by:
A
Dividing profit per unit by quantity
B
Subtracting total cost from total revenue
C
Multiplying the coefficient of demand elasticity by quantity
D
Multiplying the difference between P and MC by quantity
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