(Answered) The demand curve for the product of a monopoly seller is

Economics

The demand curve for the product of a monopoly seller is reliably estimated as: Q d = 300 - 15 P (P is measured in $). If the Marginal Cost for the monopolist is constant at $5 per unit of output, the monopolist would maximize revenue by setting a price (to the nearest 10 c) of:

A. $15.00

B. $10.00

C. $7.50

D. $4.50

Explain your answer.

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