(Transcript of audio with descriptions. Transcript includes narrator headings and description headings of the visual content)
(Speaker)
A single-price monopoly supplies a lower quantity and charges a higher price.
(Description)
The graph from the slide 1 is shown.
The following text is written above the graph:
Which area reflects the single-price monopolist's profit?
(Speaker)
This problem asks you to find the area the corresponds to the monopolies profit. Recall that the monopoly will sell I units at a price of B dollars. In this particular problem, the monopoly has a constant marginal cost of E dollars and zero fixed costs. This means the monopoly will make B minus E in profit per unit. If they sell I units, then the monopolies profit is area, B, A, H, F.
(Description)
The corresponding area on the graph, B, A, H, F, is highlighted. It is labeled as Profit is the the area above the MC line and below price, area, B, E, H, F.