Will the firm earn positive economic profits

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Reference no: EM13185952

For a particular good that is monopolized, the monopolist faces the following demand and cost conditions:

P= 12 - 2 qd

MR= 12-4qd

MC= 2 q

a) What price will the firm charge its customers?
b) Will the firm earn positive economic profits?

Reference no: EM13185952

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