Multiple Choice
A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P,implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is
A) 8
B) 46
C) 50
D) 92
Correct Answer:
Verified
Correct Answer:
Verified
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