The Following Graph Gives Cost and Revenue Data for a Monopolist

question 11

Multiple Choice

The following graph gives cost and revenue data for a monopolist:

-Refer to the above graph to answer this question.If the monopolist is unregulated and wishes to maximize its total profit,what will be its price and output?

• A)$0 and 80.
• B)$10 and 70.
• C)$10 and 140.
• D)$40 and 80.
• E)$45 and 70.

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