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Jack, a monopolist, faces the following demand curve, marginal revenue curve, total cost curve, and marginal cost curve for his product: Q = 200 -
Jack, a monopolist, faces the following demand curve, marginal revenue curve, total cost curve, and marginal cost curve for his product: Q = 200 - 2P MR = 100 - Q TC = 5Q MC = 5 What is the profit-maximizing price? Group of answer choices $95.00 $5.00 $52.50 $10.00
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