A Monopolist Faces Market Demand Given by P = 80

question 185

Multiple Choice

A monopolist faces market demand given by P = 80 - Q.For this market,MR = 80 - 2Q and MC = 2Q.What price will the monopolist charge in order to maximize profits

• A)$20
• B)$30
• C)$50
• D)$60

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Definitions:

Merkel Cell

A type of skin cell that functions as a mechanoreceptor, contributing to the sense of touch by detecting pressure and texture.

Lamellated Corpuscle

The lamellated corpuscles, also known as Pacinian corpuscles, are nerve endings in the skin and other tissues that detect pressure and vibration.

Tympanic Membrane

A thin membrane that separates the outer ear from the middle ear, vibrating in response to sound waves and allowing for the perception of sound.

Sound Waves

Vibrations that travel through air or another medium, which can be heard when they reach a person's or animal's ear.