Question
A monopolist demand is D = P = $10 - $.05Qm; AC = MC = $2. The profit-maximizing price (P) and output (Q) are: A.P
A monopolist demand is D = P = $10 - $.05Qm; AC = MC = $2. The profit-maximizing price (P) and output (Q) are: A.P = $6, Q = 40. B.P = $8, Q = 60. C.P = $6, Q = 80. D.P = $4, Q = 100. E.None of the above.
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In the question given P 10 005 Q AC MC 2 Now calculating TR total revenue which is PQ so ...
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
