Suppose P = 60 − 3Q Is the Market Demand

question 135

Multiple Choice

Suppose P = 60 − 3Q is the market demand function for a local monopoly.The marginal cost is 2Q.If fixed costs are zero and the firm engages in two-part pricing,the most profits the firm will earn is:

• A) $144.
• B) $360.
• C) $504.
• D) $0.

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