Question 14

A monopolist faces the following demand and cost schedules:

Price

Q

TC

$25

9

$40

$24

10

$50

$23

11

$60

$22

12

$70

$21

13

$80

$20

14

$90

The monopolist should produce ____ and charge $____.

Group of answer choices

9; 25

14; 20

13; 21

12; 22

10; 24

11; 23