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Suppose a monopolist's demand is given by the function P=25-3Q. Let the total cost of production be 7Q+28 for positive levels of output, and zero otherwise. What is the profit maximising output?

a. 1

b. 0

c. 2

d. 3

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M962869

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