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Answer to Question #39844 in Economics of Enterprise for Arash

Question #39844
A monopolist can produce at constant average and marginal costs of AC = MC = 9. The firm faces a demand curve given by:
q = 75 –– p

Calculate the profit maximizing price quantity combination for the
monopolist. Also calculate the monopolist’’s profits
1
Expert's answer
2014-03-14T10:10:15-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-39844.pdf

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Comments

Assignment Expert
08.04.14, 21:14

Dear customer, Unfortunately, your question requires a lot of work and cannot be done for free. Please submit it with all requirements as an assignment to our control panel and we'll assist you.

Anthony
08.04.14, 01:54

For the same above question... What output would be produced by this industry under perfect competition?  Show that PM > PC and QC = 2QM.

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