Illustrate what is great reception profit

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Reference no: EM1360614

GreatReception, Inc., is a single-price monopolist in the market for cell phones. Assume that there is no fixed cost, and both marginal cost and average total cost are constant. Use the calculator below to answer the following questions.

Tool tip: Use your mouse to drag the quantity line (the dashed drop line with the red arrows) left and right. The values in the boxes will change accordingly. To change the value in the Quantity box on the right side of the calculator, click in the box and then type. The graph and any related values will change accordingly.

Note that once you leave the page or click Submit Answer, this calculator will refresh to its initial values.

Illustrate what is GreatReception's profit when producing at the profit-maximizing output?

A. $4,900

B. $4,200

C. $9,800

D. $9,100

Reference no: EM1360614

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