Table 14-5 A Monopolist Faces the Following Demand Curve

question 130

Multiple Choice

Table 14-5
A monopolist faces the following demand curve:

-Refer to Table 14-5.The monopolist has total fixed costs of $60 and has a constant marginal cost of $15.What is the profit-maximizing price?

• A) $4
• B) $39
• C) $36
• D) $42

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