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Profit-maximizing level of output

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Reference no: EM131376097

The table below shows the revenue and costs for a monopolist.

Monopolist Revenue and Costs

Price (dollars)

Quantity Demanded

Marginal Revenue (dollars)

Marginal Cost (dollars)

Average Total Cost (dollars)

$130

200

$110

$25

$139.00

120

300

90

32

103.30

110

400

70

40

87.50

100

500

50

50

80.00

90

600

30

62

77.00

80

700

10

77

77.00

What is the monopolist's profit at the profit-maximizing level of output?

A:10,000

B:50,000

C:80,000

D:0

Reference no: EM131376097

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