Question
A pharmaceutical company that produces a patented drug has estimated the demand for this drug to be Q = 10,000 - 100 P. The marginal
A pharmaceutical company that produces a patented drug has estimated the demand for this drug to be
Q = 10,000 - 100 P.
The marginal cost of producing this drug is constant at $40, which is also the firm's average total cost.
Answer all the questions.
How much would this pharmaceutical company produce?
What price is this company going to charge?
How much economic profit would the company earn?
Finish as soon as possible.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
