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You Are the Manager of a Monopoly That Faces a Demand

Question 47

Multiple Choice

You are the manager of a monopoly that faces a demand curve described by P = 80 − 5Q.Your costs are C = 10 + 5Q.The revenue-maximizing output is:

A) 2.5.
B) 5.
C) 8.
D) None of the preceding answers is correct.

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