Question
A monopoly determines the demand for their good is linear. They also determined they can sell 10 units of goods when the market price is
A monopoly determines the demand for their good is linear. They also determined they can sell 10 units of goods when the market price is $120 and 20 units if the market price is $70. Each potential customer can only buy one unit of the good. What is the monopoly's inverse demand function?
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
