There is a monopoly firm. Their cost is given by 8Q^2. Therefore the marginal cost becomes 2*8Q.

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There is a monopoly firm. Their cost is given by 8Q^2. Therefore the marginal cost becomes 2*8Q. Demand is given by P=25-4Q so marginal revenue is 25-2*4Q. Find Equilibrium profit

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 01, 2024 07:44 AM

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There is a monopoly firm. Their cost is given by 8Q^2. Therefore the marginal cost becomes 2*8Q.

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Ive calculated the equilibrium quantity price and profit for the given monopoly firm Equilibrium qua... View the full answer

Microeconomics An Intuitive Approach with Calculus

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