Multiple Choice
Scenario 14-4
Suppose a monopolist has a demand curve that can be expressed as P=90-Q.The monopolist's marginal revenue curve can be expressed as MR=90-2Q.The monopolist has constant marginal costs and average total costs of $10.
-Refer to Scenario 14-4.The profit-maximizing monopolist will charge a price of
A) $50.
B) $40.
C) $20.
D) $10.
Correct Answer:
Verified
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