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The Marginal Cost of a Monopolist Is Constant and Is

Question 33

Multiple Choice

The marginal cost of a monopolist is constant and is $10. The marginal revenue curve is given as follows: MR = 100 - 2Q
The profit maximizing price is:


A) $70.
B) $65.
C) $60.
D) $55.
E) $50.

Correct Answer:

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