Answer:
The answer is $2,000
Explanation:
A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.
We have first degree price discriminations, second degree price discriminations and third degree price discriminations.
Total revenue = selling price x units sold
Selling price is $100
Units sold is 20 jackets
Total revenue is therefore, $100 x 20 jackets
=$2,000
