For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 100 – 3Q.

For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 100 – 3Q. Marginal cost of production is constant and equal to $10, and there are no fixed costs. What is the monopolist’s profit maximizing level of output?

Q = 10

Q = 15

Q = 16

Q = 30

Q = 33

none of the above

Flag this Question

Question 112 pts