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The average revenue schedule of a simple monopolist is: Pmkt = 5000-20Q The total cost schedule of the monopolist is: TC = 50Q2 + 100Q; and marginal cost is: MC = 100Q + 100

a) What is the market-clearing price for the monopolist?

b) How much will the monpolist produce?

c) What is the net profits of the monopolist

d) What is the elasticity of demand at the market-clearing price?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9689237

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