The Demand Curve Facing a Monopolist Is D(p)= 100/p If

question 55

Multiple Choice

The demand curve facing a monopolist is D(p) = 100/p if p is 20 or smaller and D(p) = 0 if p > 20.The monopolist has a constant marginal cost of $1 per unit produced.What is the profit-maximizing quantity of output for this monopolist?

• A)4
• B)3
• C)2
• D)5
• E)It cannot be determined from the information given.

---

Definitions:

Profit Maximizing

The process or goal of a firm to adjust its production and pricing strategies to achieve the highest possible profit.

Economic Historians

Scholars who study and analyze the economies or economic phenomena of the past, integrating perspectives from history and economics.

Streetcars

Rail vehicles that run on tracks along public urban streets and also have routes extending into suburban areas.

Racially Segregated

The enforced separation of different racial groups in daily life, whether by law or through social norms.