Suppose a monopolist operated in an industry

Reference no: EM13834313

Suppose a monopolist operated in an industry where the market demand is perfectly elastic (with inverse demand given by P = 30 and its cost function is T C = 100 + Q + Q^2 . calculate profit maximising P and Q. Would this be any different if the industry is competitive? [3 marks]}

Reference no: EM13834313

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