The Demand for a Monopolist's Output Is 6,000/(p + 3)²

question 28

Multiple Choice

The demand for a monopolist's output is 6,000/(p + 3) ², where p is its price.It has constant marginal costs equal to $6 per unit.What price will it charge to maximize its profits?

• A)$9
• B)$18
• C)$21
• D)$15
• E)$6

---

Definitions:

Average Strength

Typically refers to the median level of force or power of an entity or substance, measured against a standard or amongst a range.

Fraud

Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Undue Influence

A form of manipulation that is used to persuade someone to act in a way that is not in their best interest, invalidating consent in contracts.

Principal

In financial terms, it refers to the original sum of money borrowed in a loan, or the initial amount of money invested, excluding any interest or profits. In legal terms, it can also refer to a person who grants authority to an agent to act on their behalf.