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Homework answers / question archive / You are the manager of a monopoly that faces an inverse demand curve described by P = 63 - 5Q
You are the manager of a monopoly that faces an inverse demand curve described by P = 63 - 5Q. Your total costs are C = 10 + 3Q. and your marginal cost are MC = 3.
The profit-maximizing output for your firm is:
a. 3.
b. 4.
c. 5.
d. 6.
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