A monopolist has the following Demand and Marginal Revenue equations:

(Demand)	P = 500 - 4Q
(Marginal Revenue)	MR = 500 - 8Q

Assume that this monopoly is a profit maximizing firm who is only willing to sell each unit at the same price.Once the firm decides on an output level, the firm must set a price. Given the demand and marginal revenue equations above, what is the lowest price this firm will ever set:

	a.	P = $500
	b.	P = $450
	c.	P = $400
	d.	P = $350
	e.	P = $300
	f.	P = $250
	g.	P = $200
	h.	none of the above