A monopolist faces market demand given by P = 60

Question

A monopolist faces market demand given by P = 60 - Q.For this market,MR = 90 - 2Q and MC = Q.What quantity of output will the monopolist produce in order to maximize profits
A)20
B)30
C)40
D)50

Quizplus · Accepted Answer

The Answer of A monopolist faces market demand given by P = 60 - Q.For this market,MR = 90 - 2Q and MC = Q.What quantity of output will the monopolist produce in order to maximize profits
A)20
B)30
C)40
D)50