The Following Data Pertains to a Monopoly Firm's Demand and Costs

question 32

Multiple Choice

The following data pertains to a monopoly firm's demand and costs per quarter. If the total fixed costs are $5,000 per quarter, what will be the firm's maximum profit output?

• A) Q = 20,000, P = $8.00
• B) Q = 30,000, P = $7.00
• C) Q = 40,000, P = $6.00
• D) Q = 50,000, P = $5.00
• E) Q = 60,000, P = $4.00

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