AP Microeconomics Practice Test: Monopoly

Test Information

Question 8 questions

Time 10 minutes

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1.

The total profits for this monopolist are identified by

2.

The total costs for the monopolist are identified by

3.

The socially optimal price would be

4.

The unregulated monopolist's price would be

5.

The "fair return" price of the regulated monopolist would be

6.

The original consumer surplus is

7.

After the monopolist enters, the consumer surplus is

8.

The dead-weight loss is