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

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Definitions:

Atrazine

A herbicide widely used to control broadleaf and grassy weeds in crops, though concerns exist regarding its environmental and health impacts.

Simazine

A triazine herbicide used to control broad-leaved weeds and grasses in agricultural and non-agricultural settings, but noted for potential environmental impacts.

Pesticides

Substances used to kill or control pests, including insects, weeds, and disease-causing organisms, in agricultural and other settings.

Competes

The term "competes" refers to the action of striving against others to achieve something, such as winning a contest or securing a market position.