What is the profit maximising price and quantity produced

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Reference no: EM131007773

A monopoly faces a demand curve (in $) for its branded product described by:

P=20 - 3Q - Its average variable cost =$2.00 everywhere, up to its capacity level of 20 units of output.

Fixed costs are equal to $10. There is no other cost information.

What is the profit maximising price and quantity produced?

Reference no: EM131007773

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