(Figure: the Profit-Maximizing Output and Price) Look at the Figure

question 206

Multiple Choice

(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.The profit- maximizing output for a monopolist is:

• A)0.
• B)8.
• C)16.
• D)20.

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Definitions:

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