The Most Profitable Price for a Monopolist Is

question 102

Multiple Choice

The most profitable price for a monopolist is

• A)the highest price a consumer is willing to pay for the monopolist's product.
• B)the price at which demand is unit elastic.
• C)a price that maximizes the quantity sold.
• D)found where the profit-maximizing quantity hits the demand curve.

---

Definitions:

College Graduate

An individual who has completed a degree program at a college or university.

Professional Organizations

Professional organizations are associations that aim to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Volunteer Work

Volunteer work involves performing tasks or services willingly and without pay, often for community service or charitable organizations.

Target Audience

The specific group of people that a piece of writing, advertisement, or communication is aimed at or intended to reach.