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Q. |
If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are: |
A. | P = 60 and Q = 4 |
B. | P = 20 and Q = 8 |
C. | P = 90 and Q = 10 |
D. | P = 4 and Q = 60 |
Answer» A. P = 60 and Q = 4 |
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