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Table 241 Monopoly Costs and Revenue In Table 24

Question 71

Multiple Choice

Table 24.1 Monopoly Costs and Revenue
 Quantity  Price  Total Cost 1$500$4002$450$6503$400$9504$350$1,3005$300$1,700\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Total Cost } \\\hline 1 & \$ 500 & \$ 400 \\\hline 2 & \$ 450 & \$ 650 \\\hline 3 & \$ 400 & \$ 950 \\\hline 4 & \$ 350 & \$ 1,300 \\\hline 5 & \$ 300 & \$ 1,700 \\\hline\end{array} In Table 24.1,using the profit maximization rule,a monopolist will produce


A) 1 unit.
B) 3 units.
C) 4 units.
D) 5 units.

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