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Craig's Red Sea Restaurant Is the Only Restaurant in Columbia,South

Question 5

Multiple Choice

Craig's Red Sea Restaurant is the only restaurant in Columbia,South Carolina,that sells Ethiopian food.The demand for Ethiopian food is given by Q = 25 - P.Craig's costs are given by TC = 25 + Q + 5Q2.Its maximum monopoly profit is:


A) -$1.
B) $21.
C) $22.
D) $24.
E) $26.

Correct Answer:

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