Quick Buck and Pushy Sales Produce and Sell Identical Products

question 31

Multiple Choice

Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost.Below is the market demand and marginal revenue curves for the product.
Refer to the figure above.The profit-maximizing quantity for a monopolist with this demand curve is _____ units,which the monopolist would sell for ______.

• A) 3,000;$1.00
• B) 1,000;$1.50
• C) 2,000;$1.50
• D) 1,000;$2.50

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Definitions:

Big Box

A big box refers to a large retail establishment, usually part of a chain, that offers a wide variety of merchandise in a single location, typically with a warehouse or department store design.

Nonprofit Corporation

An organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, without intending to generate profit for owners.

Transfer Rights

The legal ability to transfer one's interest or rights in a piece of property, asset, or contract to another party.

Restrictions

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