a. Suppose a monopolist has a demand curve equal to thefollowing: P = 1000 - 2Q, and MC = 200. What is the monopolist'sprice?

Group of answer choices

$1000.

$200.

none of the available options.

$600.

b. Consider the monopolist question above. Suppose that anentrant is considering launching a competing product using apenetration pricing strategy. What initial price would he choose?Group of answer choices

$200.

$1000.

$400

none of the available options.