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MC Qu. 12-246 (Algo) Based on the accompanying... Quantity of Output Total Cost Product Price 0 $ 250 $ 240 1 260 200 2 290

MC Qu. 12-246 (Algo) Based on the accompanying...

Quantity of Output Total Cost Product Price
0 $ 250 $ 240
1 260 200
2 290 160
3 350 120
4 480 80
5 700 40

Based on the accompanying table, how many units would the given profit-maximizing nondiscriminating pure monopolist produce?

Multiple Choice

  • 4
  • 3
  • 2
  • 1

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