Question: A monopolist faces a linear demand curve given by Q1) = 300 0.25P and has a linear marginal cost function MC = 200 + 2Q.

 A monopolist faces a linear demand curve given by Q1) =

300 0.25P and has a linear marginal cost function MC = 200

A monopolist faces a linear demand curve given by Q1) = 300 0.25P and has a linear marginal cost function MC = 200 + 2Q. Additionally, assume that the monopolist is required to sell their product at a uniform price. . If the rm is free to choose its own price Pm and quantity Qw, graphically depict this monopoly equilibrium price and quantity. Your graph should include the demand curve, marginal cost curve, and any other curves necessary to identify the equilibrium price and quantity. - Indicate numerically all relevant intercepts for your demand and marginal cost curves on your graph. 0 Compute and clearly indicate on the graph the exact monopolist equilibrium Pagand quantity QM that you depicted graphically. D

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