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A Monopolist Has Constant Marginal Costs of $1 Per Unit

Question 34

Multiple Choice

A monopolist has constant marginal costs of $1 per unit.The demand for her output is 1,000/p if p is less than or equal to 50.The demand is 0 if p > 50.What is her profit maximizing level of output?


A) 5
B) 10
C) 15
D) 20
E) 25

Correct Answer:

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