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28 Sep 2019
The xyz corporation is a monopolist in the market for widgets. It's cost function is C = 150 + 2Q^2 and it faces a demand curve of P = 1260 - 5Q. If the firm behaved like a perfectly competitive firm, what would its output and price be?
The xyz corporation is a monopolist in the market for widgets. It's cost function is C = 150 + 2Q^2 and it faces a demand curve of P = 1260 - 5Q. If the firm behaved like a perfectly competitive firm, what would its output and price be?
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0
watching
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Joshua StredderLv10
28 Sep 2019