Question: If a monopolist faces a demand P (Q) = 130 3Q and costs C (Q) = 10Q, answer: [Select] a) What is the quantity

If a monopolist faces a demand P (Q) = 130 3Q and costs C (Q) = 10Q, answer: [Select] a) What is the

If a monopolist faces a demand P (Q) = 130 3Q and costs C (Q) = 10Q, answer: [Select] a) What is the quantity this monopolist would sell? [ b) What is the price they would charge? [Select] c) If this market became perfectly competitive, with each firm having that same cost, what would be the market price in the long run? [Select] (hint: would be the same in the short run in this case)

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