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Suppose that you are a monopolist in the market of a specific video game. Your inverse demand curve and cost function are the following: P
Suppose that you are a monopolist in the market of a specific video game. Your inverse demand curve and cost function are the following: P = 80 - (Q/2) TC(Q) = 400 + [(Q^2)/2] The MR (Marginal Revenue) is
Please show me the math. I know that TR = Price x Q = (80 - (Q/2)) x Q
Thanks.
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