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A Monopolist Faces a Demand Curve Q=50P−4Q = 50 P ^ { - 4 }

Question 17

Multiple Choice

A monopolist faces a demand curve Q=50P−4Q = 50 P ^ { - 4 } and that the monopolist has a constant marginal cost of 75. The monopolist's profit-maximizing price is:


A) 25
B) 50
C) 75
D) 100

Correct Answer:

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