Wanda's Widgets is a single-price monopolist. Assume that Wanda's marginal cost is constant at $40, and that she faces the marginal cost, marginal revenue, and demand in the graph below. She has no fixed cost.
3.1. As a single-price monopolist, Wanda maximizes her profits by producing _____ widgets at a price of ____ each.
A. Five; $50
B. Three; $70
C. Seven; $30
D. Four; $30
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