Deduce the inverse demand curve for monopolist find out

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Reference no: EM13391958

Assume the market demand curve faced by a monopolist is and its short-run total cost function is

(a) Derive the inverse demand curve for the monopolist.

(b) Using the result obtained in part (a), derive the monopolist's total revenue curve as a function of Q. Compute the corresponding marginal revenue function.

(d) Using the results obtained in part (b) and part (c), derive the monopolist's short-run profit-maximizing level of output.

(e) Determine the price charged by the profit-maximizing monopolist and the amount of profit earned.

Reference no: EM13391958

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