Table 15-1 a Monopoly Producer of Foreign Language Translation Software Faces a Language

question 244

Multiple Choice

Table 15-1

A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1.
-Refer to Table 15-1.What is the firm's profit-maximizing output and what is the price charged to sell this output?

• A)P = $85; Q = 10
• B)P = $80; Q = 11
• C)P = $70; Q = 13
• D)P = $65; Q = 14

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