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The Demand for a Monopolist's Output Is 6,000/(p + 3)2

Question 28

Multiple Choice

The demand for a monopolist's output is 6,000/(p + 3) 2, where p is its price.It has constant marginal costs equal to $6 per unit.What price will it charge to maximize its profits?


A) $9
B) $18
C) $21
D) $15
E) $6

Correct Answer:

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