Table 15-5 A Monopolist Faces the Following Demand Curve

question 401

Multiple Choice

Table 15-5
A monopolist faces the following demand curve:
-Refer to Table 15-5. The monopolist has total fixed costs of $60 and has a constant marginal cost of $15. What is the profit-maximizing price?

• A)$4
• B)$39
• C)$36
• D)$42