-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What is the profit maximizing price and output?
A)$10 and 50.
B)$12 and 40.
C)$12 and 100.
D)$14 and 30.
E)Cannot be determined.

Question

-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What is the profit maximizing price and output?
A)$10 and 50. 
B)$12 and 40. 
C)$12 and 100. 
D)$14 and 30. 
E)Cannot be determined.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above graph to answer this question.Suppose that the graph represents a monopolist.What is the profit maximizing price and output?
A)$10 and 50. 
B)$12 and 40. 
C)$12 and 100. 
D)$14 and 30. 
E)Cannot be determined.

-Refer to the Above Graph to Answer This Question