Figure 7.5 -Suppose That Figure 7.5 Shows a Monopolistʹs Demand Curve, Marginal

question 65

Multiple Choice

Figure 7.5
-Suppose that Figure 7.5 shows a monopolistʹs demand curve, marginal revenue, and its cost. The monopolist would maximize its profit by producing a quantity of _______ and by charging a price of _______.

• A)35; $65
• B)50; $50
• C)70; $30
• D)There is not sufficient information.

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Definitions:

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