Multiple Choice
-The figure above shows the demand, marginal revenue and marginal cost curves for Paul's Parrot pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximises his profit, the price is ________ per pillow and the marginal cost is ________ per pillow.
A) $60; $60
B) $60; $40
C) $70; $60
D) $100; $40
E) $70; $40
Correct Answer:

Verified
Correct Answer:
Verified
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