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-If This Industry Is Composed of Only One Seller,the Profit-Maximizing

Question 30

Multiple Choice

-If this industry is composed of only one seller,the profit-maximizing price and quantity will be: A) P<sub>3</sub> and Q<sub>3</sub> B) P<sub>1</sub> and Q<sub>1</sub> C) P<sub>2</sub> and Q<sub>2</sub> D) P<sub>1</sub> and Q<sub>3</sub> E) indeterminate on the basis of the information given
-If this industry is composed of only one seller,the profit-maximizing price and quantity will be:


A) P3 and Q3
B) P1 and Q1
C) P2 and Q2
D) P1 and Q3
E) indeterminate on the basis of the information given

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