Use the figure below to answer the following question.

Figure 13.2.1
-Refer to Figure 13.2.1. This single-price monopoly produces ________ units per day and charges a price of $________ per unit.
A)zero; 0
B)20; 75
C)40; 50
D)20; 50
E)20; 20

Question

Use the figure below to answer the following question.
  
Figure 13.2.1
-Refer to Figure 13.2.1. This single-price monopoly produces ________ units per day and charges a price of $________ per unit.
A)zero; 0 
B)20; 75 
C)40; 50 
D)20; 50 
E)20; 20

Quizplus · Accepted Answer

A single-price monopoly maximizes profit by producing the quantity where marginal cost equals marginal revenue. In this scenario, the monopoly produces 20 units per day and charges a price of $75 per unit.

Use the Figure Below to Answer the Following Question