Scenario 15-3 A Monopoly Firm Maximizes Its Profit by Producing Q =

Multiple Choice

Scenario 15-3
A monopoly firm maximizes its profit by producing Q = 500 units of output. At that level of output, its marginal revenue is $30, its average revenue is $60, and its average total cost is $34.
-Refer to Scenario 15-3. The firm's profit-maximizing price is

A) $30.
B) between $30 and $34.
C) between $34 and $60.
D) $60.