If a Monopolist Faces a Demand Curve Given by P

question 42

Multiple Choice

If a monopolist faces a demand curve given by p = a - by, then TR is maximized when:

• A)MR(y)= a - 2by = MC(y).
• B)y = a/b.
• C)p = a/b.
• D)y = a/(2b).

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