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A Monopolist Faces an Inverse Demand Curve $P = 300 - 6 Q$

Question 47

Multiple Choice

A monopolist faces an inverse demand curve $P = 300 - 6 Q$ and has a constant marginal cost of 20. The monopolist's profit-maximizing output is

A) 46.67
B) 23.33
C) 20
D) 35

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