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The demand a monopoly faces is p = 100 o +A0-5, where Q is its quantity, p is its price, and A is the level
The demand a monopoly faces is p = 100 o +A0-5, where Q is its quantity, p is its price, and A is the level of advertising. Its marginal cost of production is $25, and its cost of a unit of advertising is $1. What is the rm's prot equation? The monopoly's profit equation (1:) as a function of Q and A is II: = B. (Property format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g.. a superscript can be created with the " character.) The monopoly's profit-maximizing price is p = $|:|, quantity is Q = D, and advertising is A = D. (Enter numeric responses using real numbers rounded to two decimal places.)
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