2) Suppose a monopolist faces the market demand curve P 100 2Qd A) What is total revenue at a price of $60 What is total revenue at a price of $58 B) What is the marginal revenue of the 21st unit of output Show the gain in revenue from the increase in output (the quantity effect) and show the loss...

A Total revenue is calculated by multiplying the price P by the quantity sold Q At a price of 60 Tot ...

2) Suppose a monopolist faces the market demand curve: P = 100-2Qd- A) What is total...

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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2) Suppose a monopolist faces the market demand curve: P = 100-2Qd- A) What is total...

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Microeconomics

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