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Market demand is composed of individuals 1 and 2. Individual inverse demands are p = 6-20 and p = 3 - Q2. The monopolist's
Market demand is composed of individuals 1 and 2. Individual inverse demands are p = 6-20 and p = 3 - Q2. The monopolist's total cost of production is TC(q) = cq where c = (0,6). 1. Draw the market demand and its corresponding marginal revenue of output. P 7 6 LO 5 4 3 2 1 0 1 2 3 4 -1 -2 -3 -4 2. Suppose that c (2,6). Find (p,qM). Is anyone excluded? LO 5 CO 6 q
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Forensic Accounting and Fraud Examination
Authors: William Hopwood, george young, Jay Leiner
2nd edition
978-007813666, 78136660, 978-0078136665
