mangerial economics

Project Description:

a monopolist has a constant marginal and average cost of $10 and faces a demand curve of qd=1000-10p. marginal revenue is given by mr=100-1/5q.

a. calculate the monopolist's profit maximizing quantity, price, and profit.
b. now suppose that the monopolist fears entry product at a cost of $15 per unit (constant marginal and average cost) and that many firms could potentially enter. how could the monopolist's quantity and profit be now?
c. should the monopolist try to deter entry by setting a price limit price?
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