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Figure 16-2 Watanabe Sensei Operates the Only Martial Arts

Question 17

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Figure 16-2 Figure 16-2 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 16-2 shows this demand curve. -Refer to Figure 16-2.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________. A) P<sub>0</sub>; Q<sub>0</sub> B) P<sub>0</sub>; Q<sub>1</sub> C) P<sub>1</sub>; Q<sub>0</sub> D) P<sub>1</sub>; Q<sub>1</sub> 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 16-2 shows this demand curve.
-Refer to Figure 16-2.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

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