Firms that participate in regular open market transactions with the Federal Reserve are called

Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term:

A. In an effort to isolate the Fed from political pressures. B. So that Fed decisions will be based on political considerations. C. To give Congress better control over the money supply. D. In an effort to make the Fed responsive to voters.

Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?

A) $9 B) $12 C) $11 D) $10