(Answered) Production of a certain good is discrete and has a cost

Management Studies

Production of a certain good is discrete and has a cost structure characterized as follows:

q	100	150	200	300	400	500
C(q)/q	300	250	220	200	190	188

Assume inverse demand is p(Q) = 300 - 0.2Q

a. Find the optimal monopoly output

b. Assume an incumbent monoploy operates according to (a). Is it profitable for a second firm to enter?

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