1) Utku's company is monopoly in the oil market. Demand equation in this market is given as: Q = 100 – 2P and total cost equation is as the following: TC = 2Q2 + 10. Find monopoly quantity, price and profit.

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Chapter25: Monopoly
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1) Utku's company is monopoly in the oil market. Demand equation in this market is given as:
Q = 100 – 2P
and total cost equation is as the following:
TC = 2Q2 + 10. Find monopoly quantity, price and profit.
Transcribed Image Text:1) Utku's company is monopoly in the oil market. Demand equation in this market is given as: Q = 100 – 2P and total cost equation is as the following: TC = 2Q2 + 10. Find monopoly quantity, price and profit.
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