Solution-Monopolist produce in order to maximize profit

Monopolist produce in order to maximize profit

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Reference no: EM131439176

A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?

32 units.
35 units.
16 units.
6 units.
None of these.

Reference no: EM131439176

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Monopolist produce in order to maximize profit

Reference no: EM131439176

Reference no: EM131439176

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