A Monopolist Faces a Demand Function Given by Q =

question 56

Multiple Choice

A monopolist faces a demand function given by Q = 50 -P and has a cost function
C =3Q²+ 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is:

• A)$100.
• B)$3.
• C)$10.
• D)$5.

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