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Assume quantities need not be integers. Consider a profit-maximizing monopolist in Nigeria where the currency is the Naira. The monopolist has marginal cost MC(Q)=20 +

Assume quantities need not be integers. Consider a profit-maximizing monopolist in Nigeria where the currency is the Naira. The monopolist has marginal cost MC(Q)=20 + 1Q, fixed cost equal to 660, and faces demand MWTP(Q) = 130 - 2 Q. Assuming it must charge the same price for each unit it sells (and its fixed costs are sunk), what price does it choose?

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