The demand curve for a monopolist

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Suppose the demand curve for a monopolist is QD = 500 − P, and the marginal revenue function is 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 price?


b. Calculate the monopolist’s profit?

 
c. What is the Lerner Index for this industry?

Reference no: EM13193671

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