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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?
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
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Find any differences in the set of variables used in a regression model of demand for customer durable and a regression model of the demand for fast moving consumer goods
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