-Refer to the table above.Assuming the monopolist does not price-discriminate,he will produce __________ units and charge a price of __________.
A) 1;$17
B) 2;$14
C) 3;$11
D) 4;$5
E) 6;$2

Question

-Refer to the table above.Assuming the monopolist does not price-discriminate,he will produce __________ units and charge a price of __________.
A) 1;$17 
B) 2;$14 
C) 3;$11 
D) 4;$5 
E) 6;$2

Quizplus · Accepted Answer

A monopolist maximizes profit where marginal cost equals marginal revenue. Assuming the table provides such data, the monopolist will produce 3 units and charge a price of $11, as this is where profit is maximized without price discrimination.

-Refer to the Table Above