You must manage a quantity demanded whose formula is p = 85 - 5q as the manager of a monopoly. Your total outlay is c = 20 5q. Q=8.5 is indeed the output which maximizes profitability.
A market setup where there is only one seller and one available type of items is defined. In a full monopoly, there is only one supplier of the commodities, and there are no other suppliers who are competitive.
When a business has a monopoly, its product is available only and cannot be replaced. Unchecked monopolies have the capacity to determine prices and control the market. Microsoft with Windows, Certain and diamond, and your local gas company are a few examples.
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