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A Monopolist Faces the Inverse Demand Curve P = 60

Question 65

Multiple Choice

A monopolist faces the inverse demand curve P = 60 - Q.It has variable costs of Q2 so that its marginal costs are 2Q,and it has fixed costs of 30.The monopoly's profit-maximizing output is


A) 5.
B) 10.
C) 15.
D) 20.

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