Consider a monopolist who faces the following demand function Q = 80 - P/2 ( Note: 80-P whole is divided by 2)| The cost function
Consider a monopolist who faces the following demand function Q = 80 - P/2 ( Note: 80-P whole is divided by 2)| The cost function of the monopolist is C =10+Q2 1. Find the profit maximising price and quantity 2. Suppose the government sets a price ceiling of P=70. How would this affect the profit
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