Answer the next question on the basis of the following demand and cost data faced by a pure monopolist. Demand Data, Cost Data: Price, Quantity Demanded, Output, Total Cost
$2.75, 3, 3, $4.00
2.50, 4, 4, 4.50
2.25, 5, 5, 4.75
2.00, 6, 6, 5.75
1.75, 7, 7, 7.75
The profit-maximizing price for the pure monopoly will be
a) $2.50. b) $2.25. c) $2.00. d) $1.75.