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You Are the Manager of a Monopoly That Faces a Demand

Question 52

Multiple Choice

You are the manager of a monopoly that faces a demand curve described by P = 10 − 2Q.Your costs are C = 20 + 2Q.The revenue-maximizing output is:

A) 1.5.
B) 3.
C) 4.
D) None of the preceding answers is correct.

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