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A Monopolist Faces Market Demand Given by P = 100

Question 92

Multiple Choice

A monopolist faces market demand given by P = 100 - 3Q.For this market,MR = 100 - 5Q and MC = 25.What quantity of output will the monopolist produce in order to maximize profits


A) 15
B) 25.0
C) 62.5
D) 75.0

Correct Answer:

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