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A Monopolist Has Total Cost TC = Q2 + 10Q

Question 3

Multiple Choice

A monopolist has total cost TC = Q2 + 10Q + 100 and marginal cost MC = 2Q + 10.It faces demand Q = 130- P (so its marginal revenue is MR = 130 - 2Q) .Its profit-maximizing output is


A) 30
B) 25
C) 20
D) 10

Correct Answer:

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