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A monopolist has a marginal revenue curve given by MR = 20 - 1Q and a total cost curve given by TC = 4 +

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A monopolist has a marginal revenue curve given by MR = 20 - 1Q and a total cost curve given by TC = 4 + 4Q. The monopolist's profit maximizing price and quantity are _ respectively. (Hint: Remember MC is the slope of TC). Multiple Choice O 16, and 4 O 11, and 9 O 4, and 16 O 12, and 8

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