You Are the Manager of a Monopoly That Faces a Demand

question 32

Multiple Choice

You are the manager of a monopoly that faces a demand curve described by P = 85 − 5Q.Your costs are C = 20 + 5Q.The profit-maximizing output for your firm is:

• A) 6.
• B) 5.
• C) 7.
• D) 8.

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