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Ty_ped and correct answer please. I will rate accordingly. The inverse demand curve a monopoly faces is p=100-2Q. The firm's cost curve is C(Q)=50+6Q. What
Ty_ped and correct answer please. I will rate accordingly. The inverse demand curve a monopoly faces is p=100-2Q. The firm's cost curve is C(Q)=50+6Q. What is the profit maximizing quantity? answer given: 23.50 What is the profit maximizing price? answer given: 53.00 Can someone please explain how to get to the above answers? Thank you
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
