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5.1 Monopolist has demand and cost curves given by: Qd =20 000 - 40P TC = 4 000 + 10Q + 0.025Q2 5.11 Find the

5.1 Monopolist has demand and cost curves given by:

Qd =20 000 - 40P

TC = 4 000 + 10Q + 0.025Q2

5.11 Find the monopolist's profit maximising quantity and price

5.12 Find the monopolist's profit

5.2 Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry

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