Suppose that the market demand for Mountain Spring Water a monopolist, is given as follows:
P=1200-Q. Mountain spring water can be produced at no cost. What is the profit maximizing level of output and price of this monopolist?© BrainMass Inc. brainmass.com October 10, 2019, 2:26 am ad1c9bdddf
Demand function: P = 1200 - Q
Revenue function: R = PQ = 1200 Q - Q2
Since cost is zero, the profit ...
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