Multiple Choice
A profit-maximizing monopoly firm with a demand curve P = 50 ? Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.
A) 40; Rs. 400
B) 40; Rs. 770
C) 20; Rs. 370
D) 20; Rs. 400
Correct Answer:
Verified
Correct Answer:
Verified
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