Consider a monopolist firm in a market with demand curve P= 1797-3Q. Suppose the firm has...
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Consider a monopolist firm in a market with demand curve P= 1797-3Q. Suppose the firm has marginal cost curve MC = 4Q. What is the firm's total revenue at the profit maximizing quantity? Give your answer to the nearest whole number. Consider a monopolist firm in a market with demand curve P= 1797-3Q. Suppose the firm has marginal cost curve MC = 4Q. What is the firm's total revenue at the profit maximizing quantity? Give your answer to the nearest whole number.
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Given P 1797 3g Totul revenue TR 94 TR PS and Marginal Total mon ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date:
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