Consider a single price monopolist that faces the following, Ask an Expert

Economics

Consider a single price monopolist that faces the following demand curve: p=150-Q. The total cost curve for this monopolist is given by the following: TC=100+10Q+Q2. Which of the following is true?

a. The monopolist will earn profit of -450 and leave the industry in the long run.

b. The monopolist will earn zero profit and leave the industry in the long run.

c. The monopolist will earn zero profit but remain in the industry in the long run.

d. The monopolist will earn profit of 2350 and remain in the industry in the long run.

e. The monopolist will earn profit of 4025 and remain in the industry in the long run.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91925401

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