A monopolist operates in an industry where the demand curve is given by Q = 1000 -

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A monopolist operates in an industry where the demand curve is given by Q = 1000 - 20P. The monopolist's constant marginal cost is $8. What is the monopolist's profit-maximizing price?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:01 AM

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A monopolist operates in an industry where the demand curve is given by Q = 1000 -

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Recall that the MR curve can easily be derived from the demand curve when the latter is written i...View the full answer

Microeconomics

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