The table given below shows the price,marginal revenue and marginal cost of a monopolist at different levels of the output.The firm does not incur a fixed cost of production. Table 10.4

- Refer to Table 10.4.Assuming that the monopolist is maximizing profits,the price the monopolist will charge is _____.
A)$13.
B)$14.
C)$12.
D)$16.
E)$15.

Question

The table given below shows the price,marginal revenue and marginal cost of a monopolist at different levels of the output.The firm does not incur a fixed cost of production. Table 10.4

- Refer to Table 10.4.Assuming that the monopolist is maximizing profits,the price the monopolist will charge is _____.
A)$13. 
B)$14. 
C)$12. 
D)$16. 
E)$15.

Quizplus · Accepted Answer

The monopolist will charge $13 because it is the price that maximizes profits.

The Table Given Below Shows the Price,marginal Revenue and Marginal