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Estimated the demand and marginal revenue for product

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Julee has estimated the demand and marginal revenue for her product. They are P = 100 - 2Q (quantity) and MR = 100 - 4Q, respectively. She also experiences constant marginal cost of $16.

A) Does Julee have any market power? How can you tell?

B) What is Julee's profit-maximising quantity?

C) What price should Julee charge at that profit-maximising quantity?

Reference no: EM132312355

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