The demand function for product sold by an oligopolist, Ask an Expert

Economics

The demand function for product sold by an oligopolist operating in the short run is given below:

QD = 370 - P

The firm's marginal cost function is given below:

MC = 10 + 4Q

Compute the profit-maximizing price and quantity, if the firm operates in short run.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9305387

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