A company operating in a market of monopolistic competition has an inverse demand curve for its product: P=315-39, where

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A company operating in a market of monopolistic competition has an inverse demand curve for its product: P=315-39, where

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A Company Operating In A Market Of Monopolistic Competition Has An Inverse Demand Curve For Its Product P 315 39 Where 1
A Company Operating In A Market Of Monopolistic Competition Has An Inverse Demand Curve For Its Product P 315 39 Where 1 (76.47 KiB) Viewed 48 times
A company operating in a market of monopolistic competition has an inverse demand curve for its product: P=315-39, where q is the number of units produced of the good and P its price. The total cost of production of this company is given by: TC(q)=q2+75q+4000. a) To maximize profits, how many units of the good should you sell? b) What price should I charge? (C) What benefits would it reap? (d) Given the above information, how much would you have to reduce fixed costs for long- term equilibrium to occur? Represent graphically.
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