Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist maximized profits, then the total profit received would be
A)$700.
B)$190.
C)$540.
D)$70.

Question

Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist maximized profits, then the total profit received would be
A)$700. 
B)$190. 
C)$540. 
D)$70.

Quizplus · Accepted Answer

The Answer of  Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist maximized profits, then the total profit received would be
A)$700. 
B)$190. 
C)$540. 
D)$70.

Refer to the Demand and Cost Data for a Pure