Multiple Choice
If a firm with monopoly pricing power in the market faces a demand curve of P = 2,000 - 2Q and marginal costs of MC = 1,100 + 2Q, then the firm will produce at a price of:
A) $16.
B) $1,400.
C) $1,700.
D) $1,600.
Correct Answer:
Verified
Correct Answer:
Verified
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