Figure 16-2 Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-2 shows this demand curve.
-Refer to Figure 16-2.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.

Question

Figure 16-2

Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-2 shows this demand curve.
-Refer to Figure 16-2.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.

Quizplus · Accepted Answer

The Answer of Figure 16-2 Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity,assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-2 shows this demand curve. -Refer to Figure 16-2.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________. A)P₀; Q₀ B)P₀; Q₁ C)P₁; Q₀ D)P₁; Q₁

Figure 16-2 Watanabe Sensei Operates the Only Martial Arts