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Determining the maximum monopoly profit

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Bathworks has exclusive rights to sell its perfumes. The demand for its perfumes faced by Bathworks is given by Q = 250 - 0.5P. Bathworks's costs are given by TC = 50Q + 5.5Q2. Its maximum monopoly profit is:

a. $6,750.

b. $7,050.

c. $7,500.

d. $7,750.

e. $8,750.

Thank you for your help with this problem!

Reference no: EM131692444

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