What is the monopolist optimal p and q

Reference no: EM133277862

Question - Industry demand is given by the inverse demand function log p = 100 - 2 log q, and monopoly produces with cost function c(Q) = 100 + 2Q.

1. What is the monopolist's optimal P and Q?

2. What if fixed costs were equal to 200 instead of 100?

Reference no: EM133277862

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