Essay
(Table: Prices and Demand) Look at the table Prices and Demand.Prof.Dumbledore has a
monopoly on magic hats.He sells at most one hat to each customer, and the table shows each customer's willingness to pay.The marginal cost of producing a hat is $18.Suppose Dumbledorr can perfectly price-discriminate.How many hats will he produce?
A.3
B.4
C.5
D.6
Correct Answer:

Verified
Correct Answer:
Verified
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