A monopolist faces market demand given by P = 80

Question

A monopolist faces market demand given by P = 80 - Q.For this market,MR = 80 - 2Q and MC = 2Q.What price will the monopolist charge in order to maximize profits
A)$20
B)$30
C)$50
D)$60

Quizplus · Accepted Answer

The Answer of A monopolist faces market demand given by P = 80 - Q.For this market,MR = 80 - 2Q and MC = 2Q.What price will the monopolist charge in order to maximize profits
A)$20
B)$30
C)$50
D)$60