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Globo Public Supply has $1,000,000 in assets. Its demand curve is: P= 206.20* Q and its total cost function is: TC = 20,000 +
Globo Public Supply has $1,000,000 in assets. Its demand curve is: P= 206.20* Q and its total cost function is: TC = 20,000 + 6* Q where TC excludes the cost of capital. If Globo Public Supply is UNREGULATED, find Globos optimal price. A. $206 B. $107 c. $56 D. $6 e. $3 A monopolist faces tge follownig demand curve: P= 12- .3Q with marginal costs of $3. What is the monopolistic price? a. P=$5.50 B. P=$6.50 c. P=$7.50 d. P=$8.50 e. P=$9.50
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
