A Monopolist with Constant Average and Marginal Cost Equal to 8

question 21

Multiple Choice

A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P,implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is

• A)8
• B)46
• C)50
• D)92

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