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Suppose a Monopolist Faces the Demand Curve Y^d=1600- 400 P

Question 90

Multiple Choice

Suppose a monopolist faces the demand curve Y^d=1600- 400 P. Which of the following is correct?

A) Profit = 1600P - 400P²- MC
B) TR = 1600- 400P²
C) MR = 1600- 200 P
D) AR = 1600- 200P

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