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Compute of profit maximizing price and quantity under monopoly.

A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. The monopolist has a constant average cost of $6 per unit.

What is the monopolist profit maximizing price and quantity? What is the profit?

The monopolist profit maximizing condition is MR=MC.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917863

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