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The Data Relate to a Pure Monopolist and the Product

Question 70

Multiple Choice

The data relate to a pure monopolist and the product it produces. What is the profit-maximizing output and price for this monopolist?

A) P = $12; Q = 5
B) P = $14; Q = 4
C) P = $15; Q = 3
D) P = $18; Q = 2

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