As a manager of a monopoly, you face potential government regulations. your inverse demand is P=60 - 2Q, and your cost are C(Q) =8Q. Determine the monopoly price and output. Determine the socially efficient price and output.

As a manager of a monopoly, you face potential government regulations. your inverse demand is P=60 - 2Q, and your cost are C(Q) =8Q. Determine the monopoly price and output. Determine the socially efficient price and output.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter19: Externalities And Public Goods

Section: Chapter Questions

Problem 19.5P

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