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Price $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 0 300 600 700 800 Quantity per day 53. Refer to the graph

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Price $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 0 300 600 700 800 Quantity per day 53. Refer to the graph above. If this monopolist sets the price to maximize profit it will charge: A. $16 for its product. B. $12 for its product. C. $8 for its product. D. $10 for its product

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