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    Principles of Microeconomics Study Set 8
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    Exam 8: Monopoly and Other Forms of Imperfect Competition
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    Given the Total Cost Function,TC = 100 + 7Q,fixed Cost
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Given the Total Cost Function,TC = 100 + 7Q,fixed Cost

Question 203

Question 203

Multiple Choice

Given the total cost function,TC = 100 + 7Q,fixed cost is


A) $100.
B) $100/Q.
C) $7.
D) $7/Q.
E) $107.

Correct Answer:

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