Practicing Success
Practicing Success
CUET Preparation Today
Observe the graph of a monopolist given above. Pick the odd one out: |
Output Less than q2 Output between q1 to q0 output between q2 to q3 output between q1 to q3 |
Output Less than q2 |
At output levels from q2 to q3, firm is earning some profits since total revenue is greater than total cost. But at output level less than q2, total revenue is less than total cost. So losses will be earned. |
