Consider a monopolist has a marginal cost such that mcq. in, Ask an Expert

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Consider a monopolist has a marginal cost such that MC=Q. In that market demand follows the equation Q (of demand)=500-.5P. What is the price the monopoly will charge? How much will the monopoly produce? (Remember the MR has thre same P-intercept as demand, but a slope that is twice as steep)

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9472807

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