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Refer to the Graph Shown

Question 62

Multiple Choice

Refer to the graph shown. If the monopoly firm maximizes profit, it will produce: Refer to the graph shown. If the monopoly firm maximizes profit, it will produce: A) 15 units of output and charge a price of $3.50 per unit. B) 15 units of output and charge a price of $2.00 per unit. C) 25 units of output and charge a price of $2.50 per unit. D) 30 units of output and charge a price of $2.00 per unit.


A) 15 units of output and charge a price of $3.50 per unit.
B) 15 units of output and charge a price of $2.00 per unit.
C) 25 units of output and charge a price of $2.50 per unit.
D) 30 units of output and charge a price of $2.00 per unit.

Correct Answer:

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