The Demand for a Monopolist's Output Is 6,000/(p + 7)²

question 68

Multiple Choice

The demand for a monopolist's output is 6,000/(p + 7) ², where p is its price.It has constant marginal costs equal to $5 per unit.What price will it charge to maximize its profits?

• A)$33
• B)$12
• C)$26
• D)$17
• E)$5

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