Multiple Choice
If the demand facing a monopolist is P = 100 ? 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are:
A) P = 60 and Q = 4
B) P = 20 and Q = 8
C) P = 90 and Q = 10
D) P = 4 and Q = 60
Correct Answer:
Verified
Correct Answer:
Verified
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