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

question 15

Multiple Choice

A monopolist faces inverse demand $P = 300 - 6 Q$ and has marginal cost $M C = 120 + 6 Q$ . What price should this monopolist charge to maximize profit?

• A)10
• B)50
• C)210
• D)240

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