As in Worked-Out Problem 17.2 (page 599), Kalamazoo Competition-Free Concrete faces demand function Qd = 16,000 -

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As in Worked-Out Problem 17.2 (page 599), Kalamazoo Competition-Free Concrete faces demand function Qd = 16,000 - 200P. Suppose Kalamazoo's cost function C(Q) = 20Q + 0.01Q2. What is its profit-maximizing sales quantity and price? What is the deadweight loss due to monopoly pricing?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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