The Table Given Below Shows the Prices Charged and Marginal

question 49

Multiple Choice

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of output.Table 11.3

-If a monopolist is producing at the profit-maximizing level of output, what price will it charge?

• A)The price given by the marginal-revenue curve at that level of output.
• B)The price given by the marginal-cost curve at that level of output.
• C)The price given by the average-cost curve at that level of output.
• D)The price given by the average-revenue curve at that level of output.
• E)The price given by the total revenue curve at that level of output.

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