A Monopolist Faces the Following Conditions: Q = 500 -

question 69

Multiple Choice

A monopolist faces the following conditions: Q = 500 - .5P and TC = 1000 + Q + Q².What is the monopolist's profit maximizing price?

• A)P = $650
• B)P = $667
• C)P = $675
• D)P = $688

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