Question: A monopolist faces a demand curve given by P = 3000 - 3Q. Its marginal revenue is thus MR = 3000 - 6Q. If

A monopolist faces a demand curve given by P = 3000 -

A monopolist faces a demand curve given by P = 3000 - 3Q. Its marginal revenue is thus MR = 3000 - 6Q. If the monopolist's total cost of production is TC = 200,000 + 600Q, what is its economic profit when it chooses output to maximise profit? a. 280,000. b. 380,000. c. 480,000. d. 580,000.

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