Question
Suppose that you are a monopolist in the market of a specific coffee shop. Your inverse demand curve and cost function are the following: P=60-(Q)
Suppose that you are a monopolist in the market of a specific coffee shop. Your inverse demand curve and cost function are the following:
P=60-(Q)
TC(Q)=250+[Q^2]
The equilibrium price P is:
A:40
B:45
C:60
D:250
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Understanding Business
Authors: William NickelsJames McHughSusan McHugh
12th Edition
1259929434, 9781259929434
