Solution-A monopolist faces the demand curve the cost

A monopolist faces the demand curve the cost function

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A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.

Reference no: EM13298922

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A monopolist faces the demand curve the cost function

Reference no: EM13298922

Reference no: EM13298922

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