What price and quantity will this single price monopolist charge?

Choose 1 answer:
(A) $P_{I} ; Q_{Y}$
(B) $P_{F} ; Q_{X}$
(c) $P_{H} ; Q_{X}$
(D) $P_{G} ; Q_{Y}$
() $P_{H} ; Q_{Y}$

Question

What price and quantity will this single price monopolist charge?

Choose 1 answer:
(A) $P_{I} ; Q_{Y}$
(B) $P_{F} ; Q_{X}$
(c) $P_{H} ; Q_{X}$
(D) $P_{G} ; Q_{Y}$
() $P_{H} ; Q_{Y}$

Accepted Answer

∻Solution∻ ‖ a ⋮ Identifying the Profit-Maximizing Quantity: The profit-maximizing quantity for a monopolist is determined where the Marginal Cost (MC) curve intersects the Marginal Revenue (MR) curve. ‖ ‖ b ⋮ Determining the Profit-Maximizing Price: Once the profit-maximizing quantity (Qx) is identified, the corresponding price (Pf) is found on the Demand curve (D) directly above Qx. ‖ ∻Answer∻ ⚹ (B) $P_{F} ; Q_{X}$ ⚹ ∻Key Concept∻ ⚹ Monopolist's Profit-Maximizing Output and Price ⚹ ∻Explanation∻ ⚹ The monopolist will charge the price Pf for the quantity Qx, where the MC curve intersects the MR curve, indicating the profit-maximizing output, and the price is determined by the demand at that quantity◊What is the formula to calculate the monopolist's profit-maximizing quantity?⍭ Generate me a similar question◊⚹

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