Monopoly firm raise the price in order to increase revenues

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Reference no: EM13887858

Suppose an industry is monopolized, and the demand for the product sold by the firm is given by: Q = 200 ? 4P. At what price range should the monopoly firm raise the price in order to increase revenues?

A) at prices greater than $20

B) at prices greater than $4

C) at prices less than $25

D) at prices less than $200

Reference no: EM13887858

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