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Yongling Is a Monopoly Seller of a Good in a Town.She

Question 5

Multiple Choice

Yongling is a monopoly seller of a good in a town.She has a fixed supply of 8 units and no other costs.The market demand curve for the product is P = 20 - q.What is her profit if she sells to all her clients at the same price?


A) $24
B) $36
C) $72
D) $48
E) $96

Correct Answer:

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