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The demand for gidgets is given by Q = 70 - 2P. ABC has a monopoly in the production of gidgets. ABC has costs given
The demand for gidgets is given by Q = 70 - 2P. ABC has a monopoly in the production of gidgets. ABC has costs given by C(Q) = 5Q. What price with ABC set to maximize its profits?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
