Craig's Red Sea Restaurant Is the Only Restaurant in Columbia,South

question 39

Multiple Choice

Craig's Red Sea Restaurant is the only restaurant in Columbia,South Carolina,that sells Ethiopian food.The demand for Ethiopian food is given by Q = 25 - P.Craig's costs are given by TC = 25 + Q + 5Q².Its maximum monopoly profit is:

• A) -$1.
• B) $21.
• C) $22.
• D) $24.
• E) $26.

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Manufacturing

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