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A monopolist faces market demand given by P - 80 - Q. For this market MC = 20. What quantity of output will the monopolist produce in order to maximize profits? of Select one: on O a. 20 O b. 30 O c. 50 O d. 60 X O e. None of the above. The correct answer is: 30 A monopolist faces market demand given by P = 100 - 3Q. For this market MC = 25. What price will the monopolist charge in order to maximize profits? t of Select one: tion Ca. $12.50 b. $25.00 X c. $62.50 D d. $84.50 O e. None of the above. The correct answer is: $62.50 15:00