Monopoly firm with demand and marginal revenue

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Reference no: EM131240770

You are the manager of a monopoly firm with (inverse) demand given by P = 50 − 0.5Q. Your firm's cost function is C = 40 + 5Q2. Your firm's marginal revenue is:

Select one:

a. P = 50 − 0.5Q.

b. P = 100 − Q.

c. P = 50 − Q.

d. There is insufficient information to determine the firm's marginal revenue.

Reference no: EM131240770

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