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The Demand for a Monopoly's Output Is P = 100

Question 22

Multiple Choice

The demand for a monopoly's output is p = 100 - Q.The firm's production function is Q = 2L.Which of the following is the firm's demand for labor?

A) w = 200 - 8L
B) w = 200 - 4L
C) w = 100 - L
D) w = 2L

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