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PLEASE HELPE ME TO UNDERSTAND STEP BY STEP IF YOU CAN. THANK YOU Suppose that a monopolist faces linear demand given by Q(p)=200-2*p The monopolist

PLEASE HELPE ME TO UNDERSTAND STEP BY STEP IF YOU CAN. THANK YOU

Suppose that a monopolist faces linear demand given by

Q(p)=200-2*p

The monopolist also pays a marginal cost of $1 for each unit produced.

What is the price that the monopolist will set to maximize its profits?

50.5

25.5

24.5

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