Question
A single-price, single-product and single-plant monopolist faces the following demand curve: Q= 1000-10P, and if the fixed cost of production is $5000 and its average
A single-price, single-product and single-plant monopolist faces the following demand curve: Q= 1000-10P, and if the fixed cost of production is $5000 and its average variable cost is 0.1Q then what is the profit of the monopolist?
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
