The Data Relate to a Pure Monopolist and the Product

question 154

Multiple Choice

The data relate to a pure monopolist and the product it produces. What is the profit-maximizing output and price for this monopolist? $\begin{array} { | c | c | c | } \hline p & Q & \text { TC } \\\hline 22 & 0 & 20 \\\hline 20 & 1 & 24 \\\hline 18 & 2 & 27 \\\hline 16 & 3 & 32 \\\hline 14 & 4 & 40 \\\hline 12 & 5 & 49 \\\hline 10 & 6 & 59 \\\hline\end{array}$

• A) P = $12; Q = 5
• B) P = $14; Q = 4
• C) P = $15; Q = 3
• D) P = $18; Q = 2

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