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Price (\$) Quantity Demanded Output Total Cost (\$)
5.50 3 3 5.00
5.00 4 4 6.00
4.50 5 5 6.50
3.85 6 6 7.50
3.35 7 7 9.00
2.90 8 8 11.00
2.50 9 9 14.00

Refer to the above data for Wally’s Water Works.

The profit-maximizing price for this non-discriminating monopolist will be:

A

$2.90

B

$3.35

C

$3.85

D

$4.50

E

$5.00

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