Multiple Choice
-Suppose a monopolist has TC = 40 + 10Q + Q2,and the demand curve it faces is p = 130 - 2Q.What is the profit-maximizing price and output?
A) P = 50; Q = 20
B) P = 110; Q = 40
C) P = 90; Q = 40
D) P = 90; Q = 20
Correct Answer:
Verified
Correct Answer:
Verified
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