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A pricing analyst working for a pure monopoly has derived the following information from research: Q = 300 - 30PMR = 10 - Q/15 TC
A pricing analyst working for a pure monopoly has derived the following information from research:
Q = 300 - 30PMR = 10 - Q/15
TC = 6Q + (Q2/60)MC = 6 + Q/30
Based on the above research, the above optimal level of output for the firm is:
Group of answer choices
16
40
15
60
Based on the above research, the above optimal price of the productfor the firm is:
Group of answer choices
$15.25
$6.67
$10.67
$8.67
Based on the above research, the profit for thefirm is:
Group of answer choices
$240.00
$80.13
$346.80
$106.80
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