# Monopolist comapny analysis

Suppose the demand curve for a monopolist is Qd=500-P, and the marginal revenue function is MR=500-2Q. The firm has a marginal and average total cost of $50per unit.

1) Find the firm's profit maximizing output and price.

2) Calculate the firm's profit

3) What is the Lerner Index

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#### Solution Preview

given that MR = 500 - 2Q and marginal cost is 50. we can solve for the profit ...

#### Solution Summary

The expert examines monopolist company analysis.

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