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The table below shows the demand curve and cost information for a firm that is a monopoly. Price Quantity TC $1,000 0 $500 $800 5
The table below shows the demand curve and cost information for a firm that is a monopoly. Price Quantity TC $1,000 0 $500 $800 5 $1,200 $600 10 $3, 100 $400 15 $7,000 $200 20 $11,500 If they maximize their profits, what price will they charge? a) $400 b) $200 O c) $800 O d) $600
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