Posted by **Carol** on Friday, February 13, 2009 at 7:03pm.

A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q.

What are the profits of the monopoly in equilibrium?

A. $225

B. $120

C. $345

D. None of the statements associated with this question are correct

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