Compare with the perfectly competitive outcome

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Reference no: EM131004653

For each of the following demand and cost functions, find the monopoly outcome (price, quantity, and profit). Compare with the perfectly competitive outcome (first find the perfectly competitive outcome).

a) P = 200 − Q, T C = 200 + 10Q

b) P = 160 − 2Q, T C = 50 + Q2

c) P = 1200 − Q, T C = 20Q

Reference no: EM131004653

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