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Use the Following to Answer Questions

Question 179

Multiple Choice

Use the following to answer questions:
Figure: Demand, Revenue, and Cost Curves Use the following to answer questions: Figure: Demand, Revenue, and Cost Curves -(Figure: Demand, Revenue, and Cost Curves) Look at the figure Demand, Revenue, and Cost Curves. Figglenuts-R-Us is a monopolist in the figglenut market. Figglenuts-R-Us will sell _____ figglenuts and set a price of _____ to maximize profits. A) 70; $65 B) 100; $50 C) 120; $40 D) 150; $46
-(Figure: Demand, Revenue, and Cost Curves) Look at the figure Demand, Revenue, and Cost Curves. Figglenuts-R-Us is a monopolist in the figglenut market. Figglenuts-R-Us will sell _____ figglenuts and set a price of _____ to maximize profits.


A) 70; $65
B) 100; $50
C) 120; $40
D) 150; $46

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