If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, thenthe profit maximizing price and quantity for this monopolist are:

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Question:

If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, thenthe profit maximizing price and quantity for this monopolist are:

A.

P = 60 and Q = 4

B.

P = 20 and Q = 8

C.

P = 90 and Q = 10

D.

P = 4 and Q = 60

Answer» a. P = 60 and Q = 4

Note: The above multiple-choice question is for all general and Competitive Exams in India.