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A natural monopolist has the total cost function C(q) = 900 + 25q, where q is its output. The inverse demand function for the monopolist's
A natural monopolist has the total cost function C(q) = 900 + 25q, where q is its output. The inverse demand function for the monopolist's product is p = 90 - q. Government regulations require this rm to produce a positive amount and to set price equal to average costs. To comply with these requirements (Select all that applies) [3 is impossible for this rm. [3 the rm could produce 5 units. C] the rm could produce 20 units. C] the rm could produce 35 units. C] the rm could produce 45 units. C] the rm could charge a price of $70. C] the rm could charge a price of $50. C] the rm could charge a price of $30
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