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Refer to the Following Figure Showing Demand and Marginal Revenue

Question 5

Multiple Choice

Refer to the following figure showing demand and marginal revenue for a monopoly. Refer to the following figure showing demand and marginal revenue for a monopoly. If production costs are constant and equal to $10 i.e.,LAC = LMC = $10) ,what price will the monopoly charge? A) $5 B) $10 C) $15 D) $20 E) $25 If production costs are constant and equal to $10 i.e.,LAC = LMC = $10) ,what price will the monopoly charge?


A) $5
B) $10
C) $15
D) $20
E) $25

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