21. The monopolist represented in Table 1.3 will charge a price of.. Table 1.3 Quantity Price Total Cost 1 $500 $400 2 $450 $650 S400 $350 $950 S1,300 S1,700 4 S300 a. $500 b. $450 c. $350 d. $300

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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21. The monopolist represented in Table 1.3 will charge a price of..
Table 1.3
Quantity
Price
Total Cost
1
$500
$400
2
$450
$650
S400
$350
$950
S1,300
S1,700
4
S300
a. $500
b. $450
c. $350
d. $300
Transcribed Image Text:21. The monopolist represented in Table 1.3 will charge a price of.. Table 1.3 Quantity Price Total Cost 1 $500 $400 2 $450 $650 S400 $350 $950 S1,300 S1,700 4 S300 a. $500 b. $450 c. $350 d. $300
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