The Marginal Cost of a Monopolist Is Constant and Is

question 33

Multiple Choice

The marginal cost of a monopolist is constant and is $10. The marginal revenue curve is given as follows: MR = 100 - 2Q
The profit maximizing price is:

• A) $70.
• B) $65.
• C) $60.
• D) $55.
• E) $50.

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Definitions:

Pubis

The area that forms the front of a hip bone.

Bone Cells

Cells found within the bone, including osteoblasts, osteocytes, and osteoclasts, that are responsible for the formation, maintenance, and resorption of bone tissue.

Nasal Bones

Paired bones that form the bridge of the nose, providing structure and support.

Upper Jawbone

Also known as the maxilla, it is the bone that forms the upper jaw and part of the orbits surrounding the eyes.