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Figure: A Profit-Maximizing Monopoly Firm
-(Figure: A Profit-Maximizing Monopoly Firm)Use Figure: A Profit-Maximizing Monopoly Firm.The firm in this figure will produce _____ units of output per week.
A)150
B)200
C)250
D)300

Question

Use the following to answer question:
Figure: A Profit-Maximizing Monopoly Firm 
-(Figure: A Profit-Maximizing Monopoly Firm)Use Figure: A Profit-Maximizing Monopoly Firm.The firm in this figure will produce _____ units of output per week.
A)150 
B)200 
C)250 
D)300

Quizplus · Accepted Answer

The firm will produce where MR=MC, which is at the intersection of the marginal revenue and marginal cost curves. This occurs at a quantity of 200 units of output per week.

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