Purchase Solution

Monopolist comapny analysis

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution

Solution Summary

The expert examines monopolist company analysis.

Solution Preview

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

Purchase this Solution


Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.