Answer the Question on the Basis of the Accompanying Table

question 177

Multiple Choice

Answer the question on the basis of the accompanying table, which shows the demand schedule facing a non discriminating monopolist $\begin{array}{|c|c|}\hline \mathrm{P} & \mathrm{Qd} \\\hline \$ 10 & 1 \\\hline 7 & 2 \\\hline 5 & 3 \\\hline 3 & 4 \\\hline 1 & 5 \\\hline\end{array}$ Assume that this monopolist faces zero production costs. The profit-maximizing monopolist will set a price of

• A) $10.
• B) $7.
• C) $5.
• D) $3.

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