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Question
Refer to the graph shown. If the monopoly firm maximizes profit, it will produce:
A. 15 units of output and charge a price of $3.50 per unit.
B. 15 units of output and charge a price of $2.00 per unit.
C. 25 units of output and charge a price of $2.50 per unit.
D. 30 units of output and charge a price of $2.00 per unit.
Answer
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