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

question 65

Multiple Choice

A monopolist faces an inverse demand curve $P = 300 - 6 Q$ and has a constant marginal cost of 20. The IEPR formula for this monopolist could be stated in the following way:

• A) \(\frac { P - 20 } { P } = \left( \frac { 1 } { P / 6 } \right)\)
• B) \(\frac { P - 20 } { P } = \frac { 300 - P } { P }\)
• C) \(\frac { P - 20 } { P } = \frac { P } { 300 - P }\)
• D) \(\frac { P - 20 } { P } = - P ( Q / 6 )\)

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