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The diagram below depicts the situation facing a monopolist. To maximize profits, the monopolist will produce units of output and charge a price of Profits
The diagram below depicts the situation facing a monopolist. To maximize profits, the monopolist will produce units of output and charge a price of Profits to the firm are equal to 20 MC 16 ATC Price and cost (dollars per pizzo 2 8 K 0 20 40 MR D 60 80 100 Quantity (pizzas per day Select one: O A. 40, $12, $160 O B. 60, $8, $160 O C. 80, $4, $320 O D. 40, $12, $320
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