Question: In a monopoly situation, with a demand function: q = 2,000 4 p , and cost of c = $250, determine the optimal price and

In a monopoly situation, with a demand function: q = 2,000 4p, and cost of c = $250, determine the optimal price and resulting profits.

Group of answer choices

Optimal price = $400 and Profits = $60,000

Optimal price = $300 and Profits = $40,000

Optimal price = $500 and Profits = $0

Optimal price = $375 and Profits = $62,500

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