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A Monopolist Faces Market Demand Given by P = 100

Question 35

Multiple Choice

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


A) $12.50
B) $25.00
C) $55.00
D) $84.50

Correct Answer:

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