A Monopolist Faces Inverse Demand $P = 300 - 6 Q$

question 42

Multiple Choice

A monopolist faces inverse demand $P = 300 - 6 Q$ and has total cost $T C = 120 Q + 6 Q ^ { 2 }$ and marginal cost $M C = 120 + 6 Q$ . What is the maximum profit the monopolist can earn in this market?

• A) 60
• B) 240
• C) 600
• D) 1200

---

Definitions:

Small Households

Living arrangements involving fewer individuals, often reflecting changes in society such as increased individualism or declining family sizes.

Slaves

Individuals forced into servitude, deprived of personal freedom and the right to make their own life choices, often under harsh conditions.

Autonomy

The ability or right of an entity, especially a region or organization, to govern itself independently.

Owners

Individuals or entities that hold legal title to an object, property, or business, giving them certain rights such as usage, control, and the ability to transfer ownership.