Use the Table to Answer the Following Question

question 195

Multiple Choice

Use the table to answer the following question.
Table 11-4

The demand and total cost schedules of a monopolist are presented in Table 11-4. What price should a profit-maximizing monopolist charge?

• A) $24
• B) $23
• C) $22
• D) $21

---

Definitions:

Indigenous Ancestry

The lineage or heritage of native populations who were original inhabitants of a particular region before the arrival of colonial or outside populations.

Urban Population

The segment of a nation's population that resides within cities, characterized by higher density of human structures and inhabitants than rural areas.

Virgin of Guadalupe

A title for the Virgin Mary associated with a celebrated Roman Catholic icon in Mexico, deeply venerated as the patroness of Mexico.

Spanish Cultures

The rich and diverse cultural practices, traditions, languages, and heritage of Spain and its people.