Find the monopolist''s profit-maximizing price and output

Reference no: EM131248370

Market demand is P = 64 - (Q/7). A multiplant monopolist operates three plants, with marginal cost functions:

a) Find the monopolist's profit-maximizing price and output at each plant.

b) How would your answer to part (a) change if MC₂ (Q₂) = 4?

Reference no: EM131248370

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