Suppose that the market demand for a monopolists good is, Ask an Expert

Economics

Suppose that the market demand for a monopolist's good is given by the following demand function: P=150 - Q. In addition, suppose that the firm's total cost function is TC = 50 +20Q. Finally suppose that the firm utilized a uniform pricing rule. What price will the firm charge if it want to maximize profits?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870055

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