Gotcha, the only seller of stun guns, faces the inverse market demand curve P = 400 - 12Q, where Q measures the number of stun guns per day and P is the price per stun gun. The marginal cost is constant at $64. Gotcha's profit-maximizing quantity is ____.
A) 20
B) 18
C) 16
D) 14
Correct Answer:
Verified
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