Compute the equilibrium price nd quantity sold by monopolist

Reference no: EM13231966

Consider a monopolistic firm producing a good with the following cost funciton:
C(y) = ay
where a > 0. The firm faces the following demand function:
D(p) = Bp-n
where B, n > 0. This kind of demand function is known as CES (Constant Elasticity of Substitution).

solve the firm's problem, i.e. compute the equilibrium price and quantity sold by the monopolist.

Reference no: EM13231966

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