Answer:
Option "D" is the correct answer to the following statement.
Explanation:
In this situation seller is a monopolist, he would charge the highest amount for his Goods or service, 40% of the total population will pay $2,000 for particular goods and services.
He is a monopolistic seller, so people will have to buy and Consume particular goods from him.
Profit For each beg should be highest if he sells his item at $2,000 each
Total Profit = Sales price - Cost
= $2,000 - $600
= $1,400
