Table 15-1
the Following Table Provides Information on the Price

question 54

Multiple Choice

Table 15-1
The following table provides information on the price, quantity, and average total cost for a monopoly.
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$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Average Total Cost } \\\text { (Dollars per unit) }\end{array} \\\hline 24 & 0 & - \\\hline 18 & 5 & 14.00 \\\hline 12 & 10 & 11.00 \\\hline 6 & 15 & 10.67 \\\hline 0 & 20 & 11.00 \\\hline\end{array}$$ ​
-Refer to Table 15-1. At what price will the monopolist maximize his profit?

• A)$6
• B)$12
• C)$18
• D)$24

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