Suppose the market demand curve for a monopolist is P = 1 0 0 - Q .

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Question:

Suppose the market demand curve for a monopolist is P

= 100 -

.

The marginal cost is constant MC

=

20 (=

AVC

) .

The fixed cost TFC

=

100 .

How much is the profits of the firm? You must show calculations.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 02, 2024 05:22 AM

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Suppose the market demand curve for a monopolist is P = 1 0 0 - Q .

Question:

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Heres how to calculate the profit of the firm 1 Find the equilibrium price and quantity We know the ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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