Figure 8-6 Figure 8-6 Shows the Cost and Demand

question 192

Multiple Choice

Figure 8-6 Figure 8-6 shows the cost and demand curves for a monopolist.
-Refer to Figure 8-6.The profit-maximising output and price for the monopolist are

• A) Output = 62; price = $24.
• B) Output = 62; price = $18.
• C) Output = 83; price = $22.
• D) Output = 104; price = $20.80.

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