Multiple Choice
Exhibit 15.1
-Refer to Exhibit 15.1,which shows the cost and revenue curves for a natural monopolist-the operator of a subway system.The monopolist maximizes profit by producing where _____ riders per month pay _____ per trip.
A) 100 million; $4
B) 100 million; $2.50
C) 200 million; $1.50
D) 210 million; $1.25
E) 210 million; $0.50
Correct Answer:
Verified
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