The marginal cost of a monopolist-while market demand

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Reference no: EM13819131

The marginal cost of a monopolist is given by MC (q ) = 2 + 2q while market demand is

q = 10 - p .

(a) Find the rm's marginal revenue.

(b) What is the prot-maximizing level of output and price?

(d) What is the competitive market equilibrium? Find social cost of monopoly.

Reference no: EM13819131

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