If a Firm with Monopoly Pricing Power in the Market

question 18

Multiple Choice

If a firm with monopoly pricing power in the market faces a demand curve of P = 2,000 - 2Q and marginal costs of MC = 1,100 + 2Q, then the firm will produce at a price of:

• A) $16.
• B) $1,400.
• C) $1,700.
• D) $1,600.

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