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    Maximize Profit and Revenue

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    An oligopolist, the Bramwell Corporation has estimated its demand function and total cost functions to be as follows:

    Q=25-0.05P
    TC=700+200P

    Quanitites to be used 1 to 14

    What will be the price and quantity if Bramwell wnat to
    1) Maximize Profit
    2) Maximize Revenue
    3) Determine the maximum revenue and the maximum profit for the oligopolist

    © BrainMass Inc. brainmass.com October 9, 2019, 11:15 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/maximize-profit-revenue-250347

    Solution Summary

    Maximize profit and revenue are explicated.

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