The drug company faces a demand curve given by y = 100 - 2p. Its cost function

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The drug company faces a demand curve given by y = 100 - 2p. Its cost function is c(y) = 2y . What is its optimal level of output and price during and after the patent life?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Posted Date: Mar 12, 2019 10:05 AM

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The drug company faces a demand curve given by y = 100 - 2p. Its cost function

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During the patents he is Monopoly So optimal level of outpu... View the full answer

Intermediate Microeconomics

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