QUESTION 3 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 1 36 T 1 72 I 1 108 144 180 P T T T T 216 252 2

[answerhappygod]

Question 3 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 1 36 T 1 72 I 1 108 144 180 P T T T T 216 252 2 1 (43.5 KiB) Viewed 61 times

QUESTION 3 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 1 36 T 1 72 I 1 108 144 180 P T T T T 216 252 288 324 360 396 432 468 Quantity MR ---MC=AC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q) = AC(Q) for all Q. Calculate the monopoly's profits if the monopoly charges the single profit maximizing price 504