Elucidate fully why the monopolist will never choose

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Reference no: EM1347255

The demand for a monopolist's output is 3000/(p + 1)2 where p is her price

a.Calculate the firm's marginal revenue curve

b.What are the firm's profit-maximizing output and price? If MC=$5 and if MC=2y respectively

c.What would the equilibrium price and quantity be in a competitive industry?

Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.

Reference no: EM1347255

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