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A Monopolist Faces Market Demand Given by P = 200

Question 195

Multiple Choice

A monopolist faces market demand given by P = 200 - Q.For this market,MR = 250 - 2Q and MC = 3Q.What price will the monopolist charge in order to maximize profits


A) $140
B) $150
C) $160
D) $180

Correct Answer:

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