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A monopolist seller of Irish Ceramics faces the following demand function for it's product: P=62-3Q. The fixed cost is $10 and the variable cost per
A monopolist seller of Irish Ceramics faces the following demand function for it's product: P=62-3Q. The fixed cost is $10 and the variable cost per unit is $2. What is the maximizing Quantity for this monopoly? Hint MR is twice as steep as the inverse demand curve: MR= 62-6Q.
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