Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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