Table 15-1 -Refer to Table 15-1. Assume This Monopolist's Marginal Cost Is

question 643

Multiple Choice

Table 15-1
-Refer to Table 15-1. Assume this monopolist's marginal cost is constant at $12. What quantity of output (Q) will it produce and what price (P) will it charge?

• A)Q = 4, P = $29
• B)Q = 4, P = $26
• C)Q = 5, P = $23
• D)Q = 7, P = $17

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