Refer to the Data for a Nondiscriminating Monopolist

question 173

Multiple Choice

Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's price will exceed its marginal cost by ____ and its average total cost by ____.

• A)$20; $27.33
• B)$10; $10.40
• C)$24; $27.33
• D)$30; $20.50

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