Figure 16-6 Watanabe Sensei Operates the Only Martial Arts School in Hartfield.For

Multiple Choice

Figure 16-6

Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist, his profit-maximizing price is ________ and the number of classes sold is ________.

A) P₀; Q₀
B) P₀; Q₁
C) P₁; Q₀
D) P₁; Q₁