Use the Table to Answer the Following Question

question 13

Multiple Choice

Use the table to answer the following question.
Table 11-6
The demand and cost schedules of a monopolist are presented in Table 11-6. What price should a profit-maximizing monopolist charge?

• A) $14
• B) $13
• C) $12
• D) $11

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Definitions:

Profit

The financial gain that is realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Its Shareholders

Refers to the individuals or entities that own shares in a company, thereby holding a part of its ownership.

Corporate Social Responsibility

Refers to businesses' practice of operating in an ethical and sustainable way, considering their environmental, social, and economic effects.