Always There Wireless Is Wireless Monopolist in a Rural Area

Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of , where P is the per-minute price in dollars. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.50 per minute, what is Always There's total profit?

A) $30,626
B) $30,000
C) $37,500
D) $7,500

Correct Answer:

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