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Answer the Question on the Basis of the Following Table PQd$10172533415\begin{array}{ccc}P & & Q_{d} \\\hline\$10 & & 1 \\7&&2\\5 & & 3 \\3 & & 4 \\1 & & 5\end{array}

question 79

Multiple Choice

Answer the question on the basis of the following table showing the demand schedule facing a nondiscriminating monopolist: PQd$10172533415\begin{array}{ccc}P & & Q_{d} \\\hline\$10 & & 1 \\7&&2\\5 & & 3 \\3 & & 4 \\1 & & 5\end{array} Refer to the table.Assume that this monopolist faces zero production costs.The profit-maximizing monopolist will set a price of:


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