A Monopolist Faces the Following Demand Curve: P = 12

question 10

Multiple Choice

A monopolist faces the following demand curve: P = 12 - .3Q with marginal costs of $3.What is the monopolistic PRICE?

• A) P = $5.50
• B) P = $6.50
• C) P = $7.50
• D) P = $8.50
• E) P = $9.50

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