Home / Questions / Monopoly Price and Profit-Maximizing Output Suppose that a monopoly faces an inverse marke...
Monopoly Price and Profit-Maximizing Output
Suppose that a monopoly faces an inverse market demand
function:
P = 100-2Q
and its marginal cost function is:
MC = 40 – 2Q
a What should be the monopoly’s profit-maximizing output?
b What is the monopoly’s price?
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