Figure 1010 Depicts the Cost and Revenue Curves for a Monopolist

question 98

Multiple Choice

Figure 10.10 depicts the cost and revenue curves for a monopolist.

-Refer to Figure 10.10 to answer this question.What are the profit-maximizing level of output and price respectively?

• A)30 and $20.
• B)30 and $35.
• C)35 and $27.50.
• D)40 and $30.
• E)42 and $28.

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