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(Scenario: Home Monopolist) a Monopolist Faces a Demand Curve Given

Question 9

Multiple Choice

(Scenario: Home Monopolist) A monopolist faces a demand curve given by P = 60 - 2Q and has total costs given by TC = Q2. Its marginal revenue is MR = 60 - 4Q and its marginal cost is MC = 2Q. What price does the monopolist charge with no trade?


A) $5
B) $20
C) $25
D) $40

Correct Answer:

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