monopolist is currently selling 400 units of output at a price of $20 per unit. The elasticity of demand is € = 2. Would this firm wish to sell an additional unit for $19.50 if it could do so without cutting the price charged for the first 400 units sold?  Would a perfect competitor ever wish to sell an additional unit at a lower price? Why or why

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A: Q=421-2P2P=421-QP=421-Q2P=210.5-Q2Now,TR=P*QTR=(210.5-Q2)QTR=210.5Q-Q22Thus,MR=∂TR∂QMR=210.5-Q

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