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Wanda's Widgets is a single-price monopolist. Assume that Wanda's marginal cost is constant at $40, and that she faces the marginal cost, marginal...

Wanda's Widgets is a single-price monopolist. Assume that Wanda's marginal cost is constant at $40, and that she faces the marginal cost, marginal revenue, and demand in the graph below. She has no fixed cost.

3.1. As a single-price monopolist, Wanda maximizes her profits by producing _____ widgets at a price of ____ each.




A. Five; $50

B. Three; $70

C. Seven; $30

D. Four; $30

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