Refer to the information provided in Table 13.1 below to answer the question(s) that follow.
Table 13.1
-Refer to Table 13.1. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what price should it charge per unit of output so as to maximize its profits?
A) $4.00
B) $3.50
C) $3.00
D) $2.50
Correct Answer:
Verified
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