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Question: scenario use the following information to answer questions 57 high...

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Scenario Use the following information to answer questions 5-7.


High Wire Cinema is the only movie theater in a small town. The following graph shows the market demand, marginal revenue, and cost curves of this single-price monopoly.
PRICE PER TICKET (Dollars) 20 18 16 MC 14 12 ATC 10 6 MR 5 10 15 20 25 30 35 40 45 50 QUANTITY OF TICKETS

Question 5

If the monopolist produces at the profit maximizing rate of output, what will be the total revenue?

Select one or more:

a. $240

b. $800

c. $2,400

d. $1,500

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