Refer to the accompanying table, which represents the costs and production for a monopolist, to answer the questions that follow.

-The profit-maximizing quantity for this firm is:
A) 0 (zero).
B) 1.
C) 3.
D) 4.
E) 5.

Question

Refer to the accompanying table, which represents the costs and production for a monopolist, to answer the questions that follow.
 
-The profit-maximizing quantity for this firm is:
A) 0 (zero). 
B) 1. 
C) 3. 
D) 4. 
E) 5.

Quizplus · Accepted Answer

The profit-maximizing quantity is typically where marginal cost equals marginal revenue. Without additional context or data, choice C is assumed to be the correct answer based on typical scenarios.

Refer to the Accompanying Table, Which Represents the Costs and Production