A Monopolist Faces the Inverse Demand Curve P = 60

question 93

Multiple Choice

A monopolist faces the inverse demand curve P = 60 - Q.It has variable costs of Q² so that its marginal costs are 2Q,and it has fixed costs of 30.The monopoly's profit-maximizing price is

• A) 55.
• B) 50.
• C) 45.
• D) 40.

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Definitions:

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