The Table Given Below Shows the Price, Marginal Revenue and Marginal

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-Refer to Table 11.4. Assuming that the monopolist is maximizing profits, the price the monopolist will charge is _____.

A) $13
B) $14
C) $12
D) $16
E) $15