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As a profit maximizing monopolist, you face the demand curve Q = α + β P + ε. In the

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As a profit maximizing monopolist, you face the demand curve Q = α + β P + ε. In the past, you have set the following prices and sold the accompanying quantities: Suppose that your marginal cost is 10. Based on the least squares regression, compute a 95 percent confidence interval for the expected value of the profit maximizing output.

3 7 6 10 15 16 13 9 15 9 15 12 18 21 2| 3 17 12 15 15 4 13 11 6 8 10 7 7 7 18 16

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3 7 6 10 15 16 13 9 15 9 15 12 18 21 2| 3 17 12 15 15 4 13 11 6 8 10 7 7 7 18 16

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Econometric Analysis

Econometric Analysis

ISBN: 978-0130661890

5th Edition

Authors: William H. Greene

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Question Posted: November 11, 2010 02:51:32
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