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Hey I'm having an issue with this: A monopolist faces the price equation: P = 2,000 - Q, and total cost: C = 100,000 +
Hey I'm having an issue with this: A monopolist faces the price equation: P = 2,000 - Q, and total cost: C = 100,000 + 200Q + 0.8Q 2. MR = 2,000 - 2Q and MC = 200 + 1.6Q Determine the price and output that maximize total revenue, and the level of profit. Determine the price and output that maximize pro!t, and the level of profit
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
