Demand: QD = 20.25 â?" 0.5 * P
Total Cost: TC = 242 + 35*QS â?" 9*QS2 + 0.5*QS3
Determine the equilibrium price and quantity that will obtain in the long run.© BrainMass Inc. brainmass.com October 10, 2019, 1:24 am ad1c9bdddf
since it is a monopoly market, this means that there is only 1 supplier.
from the previous two questions, we know ...