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The demand curve for a profit-maximizing monopolist can be described by the equation Q=200-P Q =200 P . The marginal revenue curve for the monopolist
The demand curve for a profit-maximizing monopolist can be described by the equation Q=200-PQ=200P. The marginal revenue curve for the monopolist is described by the equation MR=200-2QMR=2002Q. The marginal cost associated with producing this good is constant at $50.
The profit maximizing qaunity is either 50 or 75 or 100 0r 125 or 150 and the profit maximizing price is $50 or $75, 0r $100 or $125 or $150?
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