You are the manager of a monopoly that faces a demand curve described by p = 230 – 20q. your costs are c = 5 30q. the profit-maximizing price is: ________

a) 110.

b) 90.

c) 130.

d) 150.

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a) 110.

b) 90.

c) 130.

d) 150.

You must be logged in to post a comment.

monopolythat faces a demand curve described by p = 230 – 20q. the profit-maximizingprice is option C. 130.## What is the monopoly about?

monopolyis known to be a term that describe a market that does not with the “absenceof have competition”, and it is one that forms a situation where a given person or firm is the only supplier of a given product of thingmonopoly, Profit is maximized if MR = MC and where MR =marginalrevenue.maximizationProfit-maximizing Price P:monopolythat faces a demand curve described by p = 230 – 20q. the profit-maximizingprice is option C. 130.monopolyfrom