The figure below shows the cost and revenue curves for a non-discriminating monopolist. The profit-maximizing output and price for a monopolist are:
Figure 9.2

A)90 units and $18, respectively.
B)1,500 units and $24, respectively.
C)1,700 units and $22, respectively.
D)1,100 units and $28, respectively.
E)1,500 units and $22, respectively.

Question

The figure below shows the cost and revenue curves for a non-discriminating monopolist. The profit-maximizing output and price for a monopolist are:​ ​
Figure 9.2

A)90 units and $18, respectively. 
B)1,500 units and $24, respectively. 
C)1,700 units and $22, respectively. 
D)1,100 units and $28, respectively. 
E)1,500 units and $22, respectively.

Quizplus · Accepted Answer

The Answer of The figure below shows the cost and revenue curves for a non-discriminating monopolist. The profit-maximizing output and price for a monopolist are:​ ​
Figure 9.2

A)90 units and $18, respectively. 
B)1,500 units and $24, respectively. 
C)1,700 units and $22, respectively. 
D)1,100 units and $28, respectively. 
E)1,500 units and $22, respectively.

The Figure Below Shows the Cost and Revenue Curves for a Non-Discriminating