Question
How do you calculate monopolists profit when your only given MC curve, Demand curve and marginal revenue curve. i.e. what assumptions do you have to
How do you calculate monopolists profit when your only given MC curve, Demand curve and marginal revenue curve.
i.e. what assumptions do you have to make to calculate monopolists profit at the price and qty?
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
