Use the figure below to answer the following questions.

Figure 13.2.2
-For the single-price monopoly shown in Figure 13.2.2, when profit is maximized, quantity is
A)3 and price is $3.
B)3 and price is $6.
C)4 and price is $4.
D)4 and price is $5.
E)5 and price is $4.

Question

Use the figure below to answer the following questions.
  
Figure 13.2.2
-For the single-price monopoly shown in Figure 13.2.2, when profit is maximized, quantity is
A)3 and price is $3. 
B)3 and price is $6. 
C)4 and price is $4. 
D)4 and price is $5. 
E)5 and price is $4.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.
  
Figure 13.2.2
-For the single-price monopoly shown in Figure 13.2.2, when profit is maximized, quantity is
A)3 and price is $3. 
B)3 and price is $6. 
C)4 and price is $4. 
D)4 and price is $5. 
E)5 and price is $4.

Use the Figure Below to Answer the Following Questions