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s wir a J e e Download UNE TOUUmmy wiedy cene wit wat 20 U11 Uue W a earn $70 million. To make the most
s wir a J e e Download UNE TOUUmmy wiedy cene wit wat 20 U11 Uue W a earn $70 million. To make the most money, Ophir (a) should honour the agreement, and will earn $100 million. (b) should honour the agreement, and will earn $80 million. (C) should cheat, and will earn $30 million. (d) has no dominant strategy. 42. monopolist faces the following demand curve: Price ($) Quantity demanded 51 47 42 36 29 21 12 The monopolist has total fixed costs of $60 and has a constant marginal cost of $18. What is the profit-maximising level of production? (a) 2 units. (b) 3 units. (c) 4 units (d) 5 units. Help
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