The following question is based on the demand and cost data for a pure monopolist given in the table below. Output Price Total Cost 0 $500 $250 1 300 260 2 250 290 3 200 350 4 150 500 5 100 680 Refer to the above table for a monopolist. A non-discriminating monopolist would maximize profits at a price and quantity of: $250 and 2 units $200 and 3 units $150 and 4 units $100 and 5 units
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