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killak killak
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5 years ago
Suppose a monopolist's demand curve is P = 60 - Q, its cost function is TC = 10Q + 50, and its marginal cost is 10. If a governmental agency wished to set the price that maximized social welfare, that price would be
A) $10.00.
B) $11.02.
C) $14.57.
D) $35.00.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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