Multiple Choice
If the inverse demand curve a monopoly faces is p = 100 - 2Q,and MC is constant at 16,then profit maximization
A) is achieved when 21 units are produced.
B) is achieved by setting price equal to 21.
C) is achieved only by shutting down in the short run.
D) cannot be determined solely from the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
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