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Question 37

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Use the following to answer questions below: -Refer to the graph of demand and marginal revenue. If a profit-maximizing monopolist with a constant unit cost equal to $40 faces the demand curve plotted in the graph, then the monopolist's profit A) will be equal to $80. B) will be equal to $90. C) will be equal to $160. D) Will be equal to $170.
-Refer to the graph of demand and marginal revenue. If a profit-maximizing monopolist with a constant unit cost equal to $40 faces the demand curve plotted in the graph, then the monopolist's profit


A) will be equal to $80.
B) will be equal to $90.
C) will be equal to $160.
D) Will be equal to $170.

Correct Answer:

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