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12.Suppose a monopolist faces demand conditions given by P = 20-Q, MR=20-2Q, and MC=ATC is constant at $4 per unit. What output level should this
12.Suppose a monopolist faces demand conditions given by P = 20-Q, MR=20-2Q, and MC=ATC is constant at $4 per unit. What output level should this firm produce?
A)8
B)6
C)7
D)5
Continue with question 12: What is the profit-maximizing MR for this monopolist?
A)$5
B)$4
C)$2
D)$3
Continue with question 12: What is the profit for this monopolist?
A)$32
B)$88
C)$64
D)$36
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