Let the inverse demand function for the vaccine of the monopolist BoTex be given by: p(q) = 360 - 2q (p: Price in E ;
Let the inverse demand function for the vaccine of the monopolist BoTex be given by: p(q) = 360 - 2q (p: Price in E ; q: Quantity in millions of units). The cost function is given by 1000 + q2. a) Calculate the profit maximizing quantity of BoTex. b) Calculate the monopoly price. c) Calculate the profit
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