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To Maximize Profits, the Monopolist Shown in the Figure Would

Question 207

Multiple Choice

To maximize profits, the monopolist shown in the figure would produce output of
To maximize profits, the monopolist shown in the figure would produce output of A) Q <sub>1</sub> and charge a price of P <sub>1</sub>. B) Q <sub>1</sub> and charge a price of P <sub>2</sub>. C) Q <sub>2</sub> and charge a price of P <sub>3</sub>. D) Q <sub>1</sub> and charge a price of P <sub>4</sub>.


A) Q 1 and charge a price of P 1.
B) Q 1 and charge a price of P 2.
C) Q 2 and charge a price of P 3.
D) Q 1 and charge a price of P 4.

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