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monopolistis quantity, price and profit

A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000-10P. Marginal revenue is given by MR = 100 -1/5Q.
Calculate the monopolist's profit-maximizing quantity, price and profit.

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A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000-10P. Marginal revenue is given by MR = 100 -1/5Q. ...

Solution Summary

Calculate the monopolist's profit-maximizing quantity, price and profit in this post.

$2.19