Suppose that single-price, single-product and single- plant monopolist faces the following demand P-7 !! 120 The monopolist's total cost is TC = 120 + 60Q. What is the profit maximizing price? curve: Q = %3D O $75 $85 $80

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
Section: Chapter Questions
Problem 10SQP
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Suppose that single-price, single-product and single-plant monopolist faces the following demand
The monopolist's total cost is TC = 120 + 60Q. What is the profit maximizing price?
curve: Q =
120
$75
$85
$80
Transcribed Image Text:Suppose that single-price, single-product and single-plant monopolist faces the following demand The monopolist's total cost is TC = 120 + 60Q. What is the profit maximizing price? curve: Q = 120 $75 $85 $80
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