Find the monopolists profit-maximizing output and prices

Reference no: EM13238307

Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit

a. find the monopolist's profit-maximizing output and prices.

b) calculate the monopolist's profit.

c)What is the Lerner Index for this industry?

Reference no: EM13238307

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