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Consider a monopolist with demand given by the relationship q = 20 2p. a cost function given by C(q) = 5q. Which of the following
Consider a monopolist with demand given by the relationship q = 20 2p. a cost function given by C(q) = 5q. Which of the following statements is true? A. The marginal revenue curve is given by 10q. B. The optimal quantity for the monopolist is 2 units. C. The optimal price is $9. D. All of the above. E. Only (a) and (b).
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