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4 May 2023
Hi there,
Given
Qd = 100-2P
MR (Q) = 50-Q
MC(Q) = 5 + 1/2Q
What price should be charged and what quantity should be produced to maximize surplus? Surplus is maximized in a perfectly competitive market.
Hi there,
Given
Qd = 100-2P
MR (Q) = 50-Q
MC(Q) = 5 + 1/2Q
What price should be charged and what quantity should be produced to maximize surplus? Surplus is maximized in a perfectly competitive market.
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