Exhibit 13-3 A monopolist
In Exhibit 13-3, if this is an unregulated monopoly firm, the price and output which would maximize profits are:
A. price = $8; output = 25.
B. price = $10; output = 25.
C. price = $5; output = 40.
D. price = $4; output = 25.
Answer: B
Economics
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