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Question
| P | Q | MR | MC |
| $7 | 20 | $12 | $2 |
| $6 | 21 | $14 | $5 |
| $5 | 22 | $16 | $10 |
| $4 | 23 | $18 | $15 |
| $3 | 24 | $20 | $20 |
| $2 | 25 | $22 | $26 |
Refer to the above table. Given the demand and cost schedules, what is the profit -maximizing price for this monopolist?
A) $3
B) $4
C) $6
D) $7
Answer
This answer is hidden. It contains 1 characters.
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