Table 14-6 A Monopolist Faces the Following Demand Curve

question 446

Multiple Choice

Table 14-6
A monopolist faces the following demand curve:

-Refer to Table 14-6.Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced.What is the profit-maximizing price?

• A) $6
• B) $9
• C) $12
• D) $15

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