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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 11
Test Yourself Question 2 at the end of Chapter 11 presented cost and demand data for a monopolist and asked you to find the profit-maximizing solution. Use these same data to find the revenue-maximizing solution. In terms of the firm's MR, explain why the answers are different.
Explanation
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The following table represents the margi...
Economics 12th Edition by William Baumol, Alan S Blinder
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