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

question 47

Multiple Choice

A monopolist faces an inverse demand curve $P = 300 - 6 Q$ and has a constant marginal cost of 20. The monopolist's profit-maximizing output is

• A) 46.67
• B) 23.33
• C) 20
• D) 35

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