Given the demand curve of the monopoly firm is P = 18 - 0.5Q with suit cost
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Question:
Given the demand curve of the monopoly firm is P = 18 - 0.5Q with suit cost and average cost
constant at RM10.
a. If the monopoly firm is maximizing profits, determine the balance
output, price and profit.
(6 marks)
b. If this firm acts as a perfect competition firm, determine
balance of output, price and profit.
(6 marks)
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