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Economics

Question: A monopoly operates in a market where demand is given by p=40-q. It has two factories. The first one has the following cost function: c(q₁)= 2(q₁)². The second factory has the following cost function: c(q₂)= (q₂)².

a. Calculate The quantity produced in each factory

b. Calculate the profit of the firm

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586108

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