question archive Suppose that a monopolist faces linear demand given by Q(p)=100−2pQ(p)=100−2p
Suppose that a monopolist faces linear demand given by Q(p)=100−2pQ(p)=100−2p
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Suppose that a monopolist faces linear demand given by Q(p)=100−2pQ(p)=100−2p. The monopolist also pays a marginal cost of $1 for each unit produced.
1. What is the optimal quantity that the monopolist will charge to maximize its profits?
A. 99
B. 49
C. 100
D. 50
2. What is the price that the monopolist will set to maximize its profits?
A. 24.5
B. 51
C. 25.5
D. 50.5
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