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

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