Question: This is a subjective question, hence you have to write your answer in the Text-Field given below. The demand curve in a monopoly market is

This is a subjective question, hence you have to write your answer in the Text-Field given below. The demand curve in a monopoly market is given by the equation Q = 800-4P while the supply curve is given by the equation Q = 200+2P. a. What are the equilibrium price and quantity? [2] b. What is the equation of the marginal revenue curve? [2] C. What would be the quantity supplied by profit maximising firms? What would be the corresponding price charged by the supplier? [3] Options

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