What is pharma inc profit

Reference no: EM133269953

Assignment:

Pharma Inc. is a pharmaceutical company that has a monopoly in a particular market as a result of a patent. The industry demand curve is P = 1,000 - 8Q. The total cost function is TC = 2Q2 + + $10,000. What is the marginal revenue and marginal cost? What is Pharma Inc.'s profit-maximizing output and price? What is Pharma Inc.'s profit?

Reference no: EM133269953

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