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Refer to Table 15-6. Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all

Refer to Table 15-6. Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price?


a. $11

b. $9

c. $1

d. $7

Table 15-6
A monopolist faces the following demand curve:

Quantity
Price
1
$15
2
$12
3
$9
4
$6
5
$3

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