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A Monopolist Faces Inverse Demand P=300−6QP = 300 - 6 Q

Question 52

Multiple Choice

A monopolist faces inverse demand P=300−6QP = 300 - 6 Q and has total cost TC = 120Q + 6Q2 and marginal cost MC=120+6QM C = 120 + 6 Q . What is the maximum profit the monopolist can earn in this market?


A) 60
B) 240
C) 600
D) 1200

Correct Answer:

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