Narrbegin Exhibit 8 -Refer to Exhibit 8

Narrbegin Exhibit 8.2 Demand and cost information for a monopoly
$$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Tatal Cost } \\\hline 0 & 40 & 10 \\\hline 1 & 30 & 15 \\\hline 2 & 20 & 25 \\\hline 3 & 10 & 40 \\\hline 4 & 0 & 60 \\\hline\end{array}$$
-Refer to Exhibit 8.2. Using the rule that focuses on the marginal approach to maximising profits, the monopolist maximises profit by choosing price equal to:

A) $0.
B) $10.
C) $20.
D) $30.

Correct Answer:

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