A Profit-Maximizing Monopolist Charges a Price of $14

question 96

Multiple Choice

A profit-maximizing monopolist charges a price of $14. The intersection of the marginal revenue curve and the marginal cost curve occurs where output is 15 units and marginal cost is $7. What is the monopolist's profit?

• A)$90
• B)$105
• C)$180
• D)Not enough information is given to determine the answer.

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Identify and analyze various performance appraisal methods and their effectiveness.