If an Unregulated Electric Company Is a Monopolist and Faces

question 2

Multiple Choice

If an unregulated electric company is a monopolist and faces demand of Q = 50 - 10P.It has a constant marginal cost of 1 and must pay an environmental fee to the government of 0.2 per unit of output.In this situation,the profit-maximizing level of output is:

• A)5
• B)10
• C)20
• D)50

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