Inverse Demand for a Monopolist's Product Is Given By $P = 300 - 6 Q$

question 32

Multiple Choice

Inverse demand for a monopolist's product is given by $P = 300 - 6 Q$ while the monopolist's marginal cost is given by $M C = 3 Q$ . The profit-maximizing quantity of output for this monopolist is:

• A) \(33.33\)
• B) 100
• C) 50
• D) 20