If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100
If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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46. If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit?
Group of answer choices
$200
$50
$900
$100
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