A Monopolist Has Constant Marginal Costs of $1 Per Unit

question 11

Multiple Choice

A monopolist has constant marginal costs of $1 per unit. The demand for her output is if p is less than or equal to 50. The demand is 0 if p > 50. What is her profit maximizing level of output?

• A) 5
• B) 10
• C) 15
• D) 20
• E) 25

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