Calculate profit under the monopoly conditions

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Reference no: EM13200615

Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under the monopoly conditions. to test other markets, they contemplate opening retail outlets in several university towns where there will be numerous competitors. calculate price and output under these perfectly competitive conditions. compare the competitive and the monopoly price and output situations loss.

Reference no: EM13200615

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Calculate profit under the monopoly conditions : Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under ..

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