Table 241
Hypothetical Monopoly Costs and Revenue in Table 24

question 98

Multiple Choice

$\begin{array}{lll}\text { Quantity } &\text {Price } &\text { Total cost }\\\hline1 & \$ 500 & \$ 400 \\2 & 450 & 650 \\3 & 400 & 950 \\4 & 350 & 1,300 \\5 & 300 & 1,700\end{array}$
Table 24.1
Hypothetical Monopoly Costs and Revenue In Table 24.1, using the profit maximization rule, a monopolist will produce

• A) 1 unit.
• B) 3 units.
• C) 4 units.
• D) 5 units.

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