A Monopolist Faces a Demand Curve $$Q = 50 P ^ { - 4 }$$

question 17

Multiple Choice

A monopolist faces a demand curve $$Q = 50 P ^ { - 4 }$$ and that the monopolist has a constant marginal cost of 75. The monopolist's profit-maximizing price is:

• A)25
• B)50
• C)75
• D)100

---

Definitions:

Agreement-At-Any-Cost

A situation or mindset where reaching an agreement is prioritized over the content or quality of the deal, often at the expense of one's own interests or principles.

Groupthink

A mental effect experienced by a group, where the longing for agreement or compliance leads to illogical or ineffective decisions.

Illusion of Popularity

A perception phenomenon where individuals overestimate the extent to which they are liked or accepted by others.

Bad Apple

A term referring to an individual within a group or team who negatively influences the whole, often contributing to toxic environments or fostering negativity.