(Answered) A monopolist faces the market demand p 4

Economics

A monopolist faces the market demand, P = 4 - Q. The (total) cost of production is 2Q + Q².

(a) Find the profit-maximizing output and price for the monopolist.

(b) The patent holder licenses two product market rivals and charges a royalty fee B. Find the optimal total output in this case. Discuss the effect of an increase in B on optimal quantities.

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