question archive You are the manager of a monopoly that faces a demand curve described by P = 230 − 20Q

You are the manager of a monopoly that faces a demand curve described by P = 230 − 20Q

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You are the manager of a monopoly that faces a demand curve described by P = 230 − 20Q. Your costs are C = 5 + 30Q. Your marginal revenue function is given by: MR=230-40Q and your marginal cost is: MC=30. Your firm's maximum profits are:

Select one:

A. 475.

B. 415.

C. 495.

D. 480.

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