Question
If the price per unit of monopolist's firm is OMR 12.5 and the Average total cost (ATC) is OMR 7 at the profit maximizing
If the price per unit of monopolist's firm is OMR 12.5 and the Average total cost (ATC) is OMR 7 at the profit maximizing quantity of 500 units. What will be the total profit of the monopolist's firm? O a. 3,500 OMR O b. 2,750 OMR OC 2000 OMR O d. 6,250 OMR
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