Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, using the profit maximization rule, a monopolist will produce
A. 3 units.
B. 5 units.
C. 1 unit.
D. 4 units.
Answer: A
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