Now suppose the monopolist has a demand curve given by P = 100Q, and a total cost

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Now suppose the monopolist has a demand curve given by P = 100Q, and a total cost curve given by T C = 32 + Q2 . The corresponding marginal cost curve is MC = 2Q but fixed costs have doubled.

(a) Find the monopolist's profit maximizing quantity and price.

(b) How much economic profit does the monopolist earn?

Posted Date: Jun 25, 2024 11:00 PM

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Now suppose the monopolist has a demand curve given by P = 100Q, and a total cost

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