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(Figure: Monopoly Profits) Refer to the Figure

Question 16

Multiple Choice

(Figure: Monopoly Profits) Refer to the figure. What is themonopolist's price and output level? A) P = $3.00; Q = 40 B) P = $16.50; Q = 40 C) P = $6.00; Q = 40 D) P = $6.00; Q = 80 (Figure: Monopoly Profits) Refer to the figure. What is themonopolist's price and output level?


A) P = $3.00; Q = 40
B) P = $16.50; Q = 40
C) P = $6.00; Q = 40
D) P = $6.00; Q = 80

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