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The Following Data Pertains to a Monopoly Firm's Demand and Costs

Question 32

Multiple Choice

The following data pertains to a monopoly firm's demand and costs per quarter. If the total fixed costs are $5,000 per quarter, what will be the firm's maximum profit output? The following data pertains to a monopoly firm's demand and costs per quarter. If the total fixed costs are $5,000 per quarter, what will be the firm's maximum profit output? A) Q = 20,000, P = $8.00 B) Q = 30,000, P = $7.00 C) Q = 40,000, P = $6.00 D) Q = 50,000, P = $5.00 E) Q = 60,000, P = $4.00


A) Q = 20,000, P = $8.00
B) Q = 30,000, P = $7.00
C) Q = 40,000, P = $6.00
D) Q = 50,000, P = $5.00
E) Q = 60,000, P = $4.00

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