Exhibit 8-3  Demand and Cost Curves for GeneTech, a Monopolist with a Patented

question 160

Multiple Choice

Exhibit 8-3  Demand and cost curves for GeneTech, a monopolist with a patented vaccine In Exhibit 8-3, how much vaccine should GeneTech produce to maximize its profit?

• A) 300 doses per hour.
• B) 400 doses per hour.
• C) Between 400 and 500 doses per hour.
• D) 500 doses per hour.

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