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# monopoly vs perfectly competitive equilibirium

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TR=\$15Q-\$).000005Q2(squared)
MR=dTR/dQ=\$15=\$0.00001Q
Marginal costs for production and distribution are stable at\$5per unit. Calculate output, price and profits at profit-maximizing level. What record price and profit levels would prevail following expiration of copyright protection based on the assumption that perfectly competitive pricing would result?

https://brainmass.com/economics/monopolies/monopoly-versus-perfectly-competitive-equilibrium-18654

#### Solution Preview

To maximize the monopoly profit, the firm use first order condition, i.e.
MR=MC or
15-0.00001Q = 5
then 0.00001Q = 10
solve for Q*=10/0.00001= ...

#### Solution Summary

The expert determines monopoly versus perfectly competitive equilibrium.

\$2.49