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Inverse Demand for a Monopolist's Product Is Given By P=300−6QP = 300 - 6 Q

Question 49

Multiple Choice

Inverse demand for a monopolist's product is given by P=300−6QP = 300 - 6 Q while the monopolist's marginal cost is given by MC=3QM C = 3 Q . The profit-maximizing quantity of output for this monopolist is


A) 33.33
B) 100
C) 50
D) 20

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