Suppose you have a monopoly with a constant MC = 8. The industry demand curve defined as

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Suppose you have a monopoly with a constant MC = 8. The industry demand curve defined as Q = 20- 2p and the MR=10-Q. You may assume this firm is maximizing its profits. What is the profit of this firm

a. 2

b. 18

c. 1

d. 16

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Fundamentals of Biostatistics

ISBN: 978-1305268920

8th edition

Authors: Bernard Rosner

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Posted Date: Nov 17, 2022 07:28 AM

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Suppose you have a monopoly with a constant MC = 8. The industry demand curve defined as

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Fundamentals of Biostatistics

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