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Output Price Total Cost Total Revenue Total Profit 1 $100 $80 _____ _____ 2 90 130 _____ _____ 3 80 190 _____ _____ 4 70
Output | Price | Total Cost | Total Revenue | Total Profit |
1 | $100 | $80 | _____ | _____ |
2 | 90 | 130 | _____ | _____ |
3 | 80 | 190 | _____ | _____ |
4 | 70 | 260 | _____ | _____ |
5 | 60 | 340 | _____ | _____ |
18. Refer to above the table. Using the profit-maximization rule, a monopolist will charge a price of
A) $90. B) $80. C) $70. D) $60.
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