The Data Relate to a Pure Monopolist and the Product

question 254

Multiple Choice

The data relate to a pure monopolist and the product it produces. What is the profit-maximizing output and price for this monopolist?

• A)P = $48; Q = 6
• B)P = $56; Q = 5
• C)P = $64; Q = 4
• D)P = $72; Q = 3

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