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Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given .by p=53-Q
 
A) calculate the monopolist's profit at the profit-maximizing equilibrium.

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Insha Fatima
Insha FatimaLv10
28 Sep 2019
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Related questions

A monopolist sells a product with the total cost function TC = 1200 + 0.5Q2 and the market demand curve is given by P = 300 - Q.

a) Find the profit-maximizing output and price for this monopolist.
b) Calculate the price elasticity of demand at the monopolist's profit-maximizing price.

A maiono face the following demand curve

Price

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$7

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Quantity Demanded

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