A monopolist faces market demand given by P = 300

Question

A monopolist faces market demand given by P = 300 - 2Q.For this market,MR = 300 - 4Q and MC = 40.What price will the monopolist charge in order to maximize profits
A)$60
B)$120
C)$140
D)$170

Quizplus · Accepted Answer

The Answer of A monopolist faces market demand given by P = 300 - 2Q.For this market,MR = 300 - 4Q and MC = 40.What price will the monopolist charge in order to maximize profits
A)$60
B)$120
C)$140
D)$170