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Suppose a monopolist faces consumer demand given by P = 300 - 5Q with a constant marginal cost of $100 per unit (where m
Posted: Fri Jul 01, 2022 8:12 am
by answerhappygod
- Suppose A Monopolist Faces Consumer Demand Given By P 300 5q With A Constant Marginal Cost Of 100 Per Unit Where M 1 (30.8 KiB) Viewed 24 times
Suppose a monopolist faces consumer demand given by P = 300 - 5Q with a constant marginal cost of $100 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs). (Enter your response rounded as a whole number.) If the monopoly can only charge a single price, then it will earn profits of $