Multiple Choice
A monopolist faces the following demand curve: P = 12 - .3Q with marginal costs of $3.What is the monopolistic PRICE?
A) P = $5.50
B) P = $6.50
C) P = $7.50
D) P = $8.50
E) P = $9.50
Correct Answer:
Verified
Correct Answer:
Verified
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