Table 92 the Government of a Small Developing Country Has

question 15

Multiple Choice

Table 9.2 The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes.Table 9.2 shows the cost and demand data for this government protected monopolist.
-Refer to Table 9.2.What is the profit-maximising quantity and price for the monopolist?

• A)Quantity = 8 cases, Price = $9
• B)Quantity = 7 cases, Price = $10
• C)Quantity = 9 cases, Price = $8
• D)Quantity = 10 cases, Price = $7

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