Multiple Choice
Cal's Cab Company (CCC) has a taxi monopoly in Wen Kroy.The demand for taxi services in Wen Kroy is given by Q = 1,500 - P.CCC's costs are given by TC = 100 - Q2 + 5Q3.Its maximum monopoly profit is:
A) $0.
B) $5,500.
C) $6,600.
D) $7,700.
E) $9,900.
Correct Answer:
Verified
Correct Answer:
Verified
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