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A monopoly has a total cost function IC = 5 0 + Q + 2 Q ^ 2 , where Q is the quantity of
A monopoly has a total cost function IC Q Q where Q is the quantity of the
product. If marginal revenue is constant at what quantity should the firm produce to maximize profit? Detail your answer.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
