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a monopolist has a fixed cost of $5000 in rent, and a variable cost of2Q. Q is the number of goods sold. The firm faces
a monopolist has a fixed cost of $5000 in rent, and a variable cost of2Q.
Q is the number of goods sold. The firm faces a market demand curve of P=200-Q.
- What is the firms profits maximizing equilibrium?
- How much profits isthe firm making?
- Should it stay open or shut down?
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