Monopoly consumer durable company faces demand curve

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A monopoly consumer durable company faces a demand curve (in $) for its branded product described by P = 20 - 3Q. Its average variable cost equals $2 everywhere, up to its capacity level of 20 units of output. Fixed costs are equal to $10. There is no other cost information. What is the monopolist’s profit-maximizing price and quantity produced?

Reference no: EM131007374

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