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Profit maximizing monopolist has the average cost function AC = 4+5/Q. Demand in this market is given by the equation AD=1--P2. This monopolist will set

Profit maximizing monopolist has the average cost function AC = 4+5/Q. Demand in this market is given by the equation AD=1--P2. This monopolist will set a price of:

a) $2

b) $6

c) $8

d) $12

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