Analysis of monopolist comapny

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Reference no: EM1368119

Assume the demand curve for a monopolist is Qd=500-P, and the marginal revenue function is MR=500-2Q. The firm has a marginal and average total cost of $50per unit.

1) Find out the firm's profit maximizing output and price.

2) Compute the firm's profit

3) What is the Lerner Index

Reference no: EM1368119

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