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What Is the Monopolist's Profit Under the Following Conditions? the Profit-Maximising

Question 169

Multiple Choice

What is the monopolist's profit under the following conditions? The profit-maximising price charged for goods produced is $14.The intersection of the marginal-revenue and marginal-cost curves occurs where output is 15 units and marginal cost is $7.


A) $98
B) $105
C) $210
D) there is not enough information to answer this question

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