Mathematical monopoly problem

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Reference no: EM131171025

Mathematical Monopoly Problem. Suppose a monopoly firm is operating using the following information.

Demand: P = $250 - $0.001Q

Marginal Revenue (MR) = $250 - $0.002Q

Marginal Cost (MC) is constant at $150 for all quantities.

Fixed Costs (FC) = 0

Calculate this firm’s profit-maximizing price, quantity, and profit.

Reference no: EM131171025

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