Derive equations for the marginal revenue curves. determine, Ask an Expert

Economics

Equation for MR curve

The kinked demand curve in an oligopolistic market is defined by the equations: P = 140 - 0.5Q, and
P = 200 - 2Q.

a) Derive equations for the marginal revenue curves.

b) Determine the price and quantity at the "kink" of the demand curve.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M927236

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