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What is the monopoly profit

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Reference no: EM132030567

A monopoly firm maximizes its profit by producing Q=500 units of output. At that level of output its marginal revenue is $30, its price is $60 and its average total cost is $34. What is the monopoly's profit?

A. $13,000

B. $15,000

C. $17,000

D. $30,000

Reference no: EM132030567

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