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Answer the Question on the Basis of the Following Information

Question 33

Multiple Choice

Answer the question on the basis of the following information for a pure monopolist:  Output  Total Cost 0$25012602290335044805700 Product  Price $500300250200150100\begin{array}{ccc}\begin{array}{ccc}\\\text { Output } & & \text { Total Cost } \\\hline0 & & \$ 250 \\1 & & 260 \\2 & & 290 \\3 & & 350 \\4 & & 480 \\5 & & 700\end{array}\begin{array}{l}\text { Product }\\\begin{array}{c}\text { Price } \\\hline \$ 500 \\300 \\250 \\200 \\150 \\100\end{array}\end{array}\end{array} The given nondiscriminating monopolist should set its price at:


A) $300.
B) $250.
C) $200.
D) $150.

Correct Answer:

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