If an unregulated electric company is a monopolist, faces demand of Q = 100 - 50P, and has a constant marginal cost of 1, the profit- maximizing price is

a. 0

b. 1

c. 1.5

d. 2

If an unregulated electric company is a monopolist and faces demand of Q = 50 - 10P. It has a constant marginal cost of 1 and must pay an environmental fee to the government of 0.2 per unit of output. In this situation, the profit-maximizing level of output is:

a. 5

b. 10

c. 20

d. 50

An unregulated electric company is a monopolist and faces demand of Q = 50 - 10P. If the company has zero marginal costs, its profit- maximizing price is

a. 0

b. 1

c. 2.5

d. 5