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Use the Following to Answer Questions

Question 3

Multiple Choice

Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price Use the following to answer questions: Figure: The Profit-Maximizing Output and Price -(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. Assume that there are no fixed costs and AC = MC = $200. The profit-maximizing price for a monopolist is: A) $800. B) $200. C) $600. D) $1,000.
-(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. Assume that there are no fixed costs and AC = MC = $200. The profit-maximizing price for a monopolist is:


A) $800.
B) $200.
C) $600.
D) $1,000.

Correct Answer:

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