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Information for a monopoly firm

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Reference no: EM131065939

Consider the following information for a monopoly firm. Assume that Q equals the level of output and all costs are economic costs.

Total Revenue = 240Q - 0.5(Q squared)

Marginal Revenue = 240 - Q

Total cost = 1,000 + 40Q + 0.5(Q squared)

Marginal cost = 40 + Q

Under these conditions the firm should produce an output of:

A. Zero (shutdown)

B. 40

C. 100

D. 200

Reference no: EM131065939

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