Elucidate what are outputs at each plant to maximize profit

Reference no: EM1339207

Important
information about maximum profits

A monopolist with two plants operates with a marginal revenue of 500-4Q and marginal costs of 4Q for plant 1 and 2Q for plant 2.

What are outputs at each plant to maximize profits?

What price maximizes profits?

What are maximum profits?

Reference no: EM1339207

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