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A Monopolist Faces Market Demand Given by P = 300

Question 165

Multiple Choice

A monopolist faces market demand given by P = 300 - 2Q.For this market,MR = 300 - 4Q and MC = 40.What price will the monopolist charge in order to maximize profits


A) $60
B) $120
C) $140
D) $170

Correct Answer:

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