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This is the fourth of four questions based on the following infor- mation. Consider a protmaximizing monopon operating with marginal cost Mr C (Q) =
This is the fourth of four questions based on the following infor- mation. Consider a protmaximizing monopon operating with marginal cost Mr C (Q) = 2 + 2Q and total cost VC(Q) = 2Q + Q2 and PC = 0.05. The market demand is estimated to be Q = 1000 10F. If the monopoly owner decides to behave as perfectly competitor. Then the market price in the short run is closest to (1) 62.66. (2) 95.33. (3) 99.66. (4) 105.33
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