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.At its profit-maximizing output level,the monopoly's average cost is
A) 11.
B) 13.
C) 17.
D) 21.5.
Correct Answer:
Verified
Correct Answer:
Verified
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