a-monopolist-sells-100-units-at-a-price-of-50-each-the-average-total-cost-is-30-

Question

A monopolist sells 100 units at a price of $$50 each. The average total cost is 30. $$What is the profit?

Accepted Answer

$2,000

Answer

$1,000

Answer

$5,000

Answer

$3,000

A monopolist sells 100 units at a price of \$50 each. The average total cost is \$30. What is the profit?