Multiple Choice
(Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolistsells 8 units, its average cost and marginal cost levels are:
A) $2.63 and $2 respectively.
B) $2.56 and $4 respectively.
C) $2.56 and $2 respectively.
D) $2.63 and $4 respectively.
Correct Answer:
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