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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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