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A monopolist has a constant marginal cost of $8 and faces a demand given by the ...
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A monopolist has a constant marginal cost of $8 and faces a demand given by the following table. What’s the monopolist’s profit-maximizing price?
Price ($)
|
Quantity Demanded
|
18
|
1
|
16
|
2
|
14
|
3
|
12
|
4
|
10
|
5
|
8
|
6
|
0%
0%
100%
0%