A monopolist has a constant marginal also average price

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Reference no: EM1330623

Important information about profit maximizing quantity

A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Qd=1000-10P. Marginal revenue is given by MR=100-1/5Q. Calculate the monopolist's profit maximizing quantity, price, and profit.

Reference no: EM1330623

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