Answer the Question on the Basis of the Following Table $\begin{array}{ccc}P & & Q_{d} \\\hline\$10 & & 1 \\7&&2\\5 & & 3 \\3 & & 4 \\1 & & 5\end{array}$

Answer the question on the basis of the following table showing the demand schedule facing a nondiscriminating monopolist: $\begin{array}{ccc}P & & Q_{d} \\\hline\$10 & & 1 \\7&&2\\5 & & 3 \\3 & & 4 \\1 & & 5\end{array}$ Refer to the table.The profit-maximizing monopolist will sell at a price:

A) of $10.
B) of $7.
C) of $5.
D) that cannot be determined with the information provided.

Correct Answer:

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