Multiple Choice
Refer to the following table that gives the demand facing a monopolist:
-If a firm earns profits of $250 by producing 40 units of output, the firm charges a price of _____ and has total costs of ______.
A) $15, $250
B) $15, $350
C) $20, $150
D) $600, $450
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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