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Use Figure: Monopoly Profit Maximization

Question 39

Multiple Choice

Use Figure: Monopoly Profit Maximization. The figure shows the demand, marginal revenue curve, marginal cost curve, and average total cost curve that are faced by a monopolist. The profit-maximizing price for the monopolist is _____, and the profit-maximizing quantity is _____ units.

Figure: Monopoly Profit Maximization
Use Figure: Monopoly Profit Maximization. The figure shows the demand, marginal revenue curve, marginal cost curve, and average total cost curve that are faced by a monopolist. The profit-maximizing price for the monopolist is _____, and the profit-maximizing quantity is _____ units. ​ Figure: Monopoly Profit Maximization   A)  $14; 70 B)  $14; 50 C)  $10; 70 D)  $10; 50


A) $14; 70
B) $14; 50
C) $10; 70
D) $10; 50

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