Will the firm earn positive economic profits

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Reference no: EM13982243

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

P = 12 - 2Qd

MR = 12 - 4Qd

MC = 2Q

a. How much will this monopolist produce?

b. What price will the firm charge it's customers?

c. Will the firm earn positive economic profits?

Reference no: EM13982243

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