Consider a situation where a monopolist faces the following, Ask an Expert

Economics

Consider a situation where a monopolist faces the following inverse market demand curve p = 100 - q and the following cost function TC = 4q + q²

a) derive the marginal revenue and marginal cost functions

b) what are the equilibrium price and quantity if this market behaved as if it were perfectly competitive?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91925851

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