Question
In a given market the inverse demand function is P = 170 - Q per year. The interest rate is r = 0.05 and the
In a given market the inverse demand function isP = 170 - Qper year. The interest rate is r = 0.05 and the cost structure of a firm is given byC(q) = 80 q.
Assume the market is monopolized and answer the following:
The per year monopoly profit for the firm*is:
Group of answer choices
1875
1600
2025
2550
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
