Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.
A)P0;Q0
B)P0;Q1
C)P1;Q0
D)P1;Q1

Question

Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.
A)P0;Q0 
B)P0;Q1 
C)P1;Q0 
D)P1;Q1

Quizplus · Accepted Answer

The Answer of Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.
A)P0;Q0 
B)P0;Q1 
C)P1;Q0 
D)P1;Q1

Watanabe Sensei Operates the Only Martial Arts School in Hartfield