Multiple Choice
Suppose that a monopolist charges a uniform price of $10 based on profit maximization and has a constant marginal cost of $3.Beth is willing to pay $6 for the monopolist's output.Therefore,
A) the monopolist should lower his price to $6 for all consumers.
B) the monopolist should ignore Beth's want;he is already maximizing profit.
C) if resale of the output is impossible,the monopolist should lower his price to $6 just for Beth.
D) if resale of the output is possible,he should lower his price to $6 just for Beth.
E) the monopolist will not be better off if he lowers his price to $6 just for Beth.
Correct Answer:

Verified
Correct Answer:
Verified
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