Question
If a monopolist faces an inverse demand curve, p(y) = 100 2y and has constant marginal costs of $24. Assume the monopolist has zero fixed
If a monopolist faces an inverse demand curve, p(y) = 100 2y and has constant marginal costs of $24.
Assume the monopolist has zero fixed costs and it can practice perfect price discrimination.
What will his total profits be?
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
