Table 14-15 A Monopolist Faces the Following Demand Curve

question 279

Multiple Choice

Table 14-15
A monopolist faces the following demand curve:

-Refer to Table 14-15.The monopolist has total fixed costs of $40 and a constant marginal cost of $5.At the profit-maximizing level of output,the monopolist's profit is

• A) $88.
• B) $8.
• C) $6.
• D) We do not have enough information to determine profit.

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