Question: Suppose that a monopolist faces linear demand given by Q(p)=1000-10p The monopolist also pays a marginal cost of $5 for each unit produced. What

Suppose that a monopolist faces linear demand given by Q(p)=1000-10p The monopolist also pays a marginal cost of $5 for each unit produced. What is the optimal price that the monopolist will charge to maximize its profits? 47.5 50 500 52.5

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