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You are the manager of a monopoly and your demand and cost fictions are given by P = 300 - 3Q and C(Q) = 1,500
You are the manager of a monopoly and your demand and cost fictions are given by
P = 300 - 3Q and C(Q) = 1,500 + 2Q^2, respectively.
a) what price-quantity combination maximizes your firm's profit?
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
