suppose a monopolist has a demand curve that can be expressed as P=100-q. monopolists marginal revenue is given by MR=100-2Q. The monopolist has a constant marginal cost, and has a constant average total cost of $20. The profit maximizing monopolist will produce an output level of a) 70 b) 80 c) 60 d) 40

suppose a monopolist has a demand curve that can be expressed as P=100-q. monopolists marginal revenue is given by MR=100-2Q. The monopolist has a constant marginal cost, and has a constant average total cost of $20. The profit maximizing monopolist will produce an output level of a) 70 b) 80 c) 60 d) 40

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopoly

Section: Chapter Questions

Problem 11SQ

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