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Figure 16-6 Watanabe Sensei Operates the Only Martial Arts School in Hartfield

question 97

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Figure 16-6
Figure 16-6     Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve. -Refer to Figure 16-6.If Sensei acts as a single-price monopolist, his profit-maximizing price is ________ and the number of classes sold is ________. A) P₀; Q₀ B) P₀; Q₁ C) P₁; Q₀ D) P₁; Q₁
Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a single-price monopolist, his profit-maximizing price is ________ and the number of classes sold is ________.


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