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You are the manager of a monopoly that faces an inverse demand curve described by P = 63 - 5Q

Marketing

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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