A monopolist has a marginal revenue curve given by MR = 102 - Q, and a total cost curve given by TC = Q2+ 16.The monopolist's profit maximizing price and quantity are ___, _____ respectively.
A) 85,34
B) 52,50
C) 100,2
D) 77,50
Correct Answer:
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Q1: If the demand curve for a single
Q2: If a profit maximizing monopolist faces a
Q4: The demand equation for a single price
Q5: If a firm could perfectly price discriminate
A)The
Q6: The profit maximizing markup (over MC) is
Q7: If a profit maximizing monopolist faces a
Q10: If a profit maximizing monopolist sells its
Q11: In the above diagram the profit maximizing
Q16: Which of the following is not a
Q20: Which statement is true for a profit
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