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A Monopolist Has a Marginal Revenue Curve Given by MR

Question 12

Multiple Choice

A monopolist has a marginal revenue curve given by MR = 102 - Q, and a total cost curve given by TC = Q2 + 16. The monopolist's profit maximizing price and quantity are _______, _____ respectively.


A) 85; 34
B) 52; 50
C) 100; 2
D) 77; 50

Correct Answer:

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