Refer to the Graph Shown

question 138

Multiple Choice

Refer to the graph shown. If the monopoly firm maximizes profit, it will produce:

• A) 15 units of output and charge a price of $3.50 per unit.
• B) 15 units of output and charge a price of $2.00 per unit.
• C) 25 units of output and charge a price of $2.50 per unit.
• D) 30 units of output and charge a price of $2.00 per unit.