Suppose that a monopolist's inverse demand curve can be expressed as: P = 10,000 + 100Q - 10Q2.
The monopolist's total cost curve is: TC = 5,000Q.
The price the monopolist charges to maximize profit is P = ____.
A) 15,999.44
B) 12,342.32
C) 10,111.21
D) 8,888.11
Correct Answer:
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