Q.

If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the 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
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