If the Inverse Demand Curve a Monopoly Faces Is P

question 38

Multiple Choice

If the inverse demand curve a monopoly faces is p = 100 - 2Q,and MC is constant at 16,then profit maximization

• A) is achieved when 21 units are produced.
• B) is achieved by setting price equal to 21.
• C) is achieved only by shutting down in the short run.
• D) cannot be determined solely from the information provided.

---

Definitions:

Monocline

A geological fold in which all layers are inclined in the same direction, forming a step-like structure in the Earth's strata.

Regional Metamorphism

Metamorphism affecting large areas of the crust, typically as a result of high pressures and temperatures associated with tectonic processes.

Contact Metamorphism

Metamorphism that occurs when rock is heated and chemically altered by the close proximity of magma.

Extension

A geological process in which the Earth's crust is stretched, leading to the formation of faults and rift valleys.