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If a Monopolist Faces a Constant-Elasticity Demand Curve Given by Q

Question 1

Multiple Choice

If a monopolist faces a constant-elasticity demand curve given by Q = 202,500P -3 and has total costs given by TC = 10Q,its profit-maximizing level of output is:


A) 50.
B) 60.
C) 75.
D) 100.
E) 120.

Correct Answer:

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