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The Data Below Relate to a Pure Monopolist and the Product

Question 3

Multiple Choice

The data below relate to a pure monopolist and the product it produces. If the firm currently sells 2 units of output at a price of $18, in order to maximize profit the firm should: The data below relate to a pure monopolist and the product it produces. If the firm currently sells 2 units of output at a price of $18, in order to maximize profit the firm should: A) leave its price and output unchanged. B) lower its price to $14. C) lower its price to $16. D) raise its price to $20.


A) leave its price and output unchanged.
B) lower its price to $14.
C) lower its price to $16.
D) raise its price to $20.

Correct Answer:

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