Multiple Choice
A book vendor can produce a book at a constant MC equal to zero, and its potential buyers have the following reservation prices: $55, $50, $45, $40, $35, $30, $25, $20, $15, $10, $5. Suppose the book vendor can identify each buyer's reservation price and is able to set an individual price for each buyer. In order to maximize profits, the monopolist will sell:
A) 12 books.
B) 10 books.
C) 11 books.
D) 8 books.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Profit maximizing monopolists set their prices:<br>A)by finding
Q13: Consider a monopoly with inverse demand function
Q14: A monopolist is a natural monopolist if
Q15: A monopolist faces a demand function given
Q16: A book vendor can produce a book
Q18: A necessary condition for a monopolist to
Q19: A monopoly publisher either pays an author<br>i)a
Q20: If MR is greater than MC, a
Q21: If a tax imposed on a monopolist
Q22: How does imposing a tax on profits