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ider a monopolist facing an inverse demand of P=30-2q and possesing a total cost function of C(q) = 2q. The profit maxim

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider a monopolist facing an inverse demand of P=30-2q and possesing a total cost function of C(q) = 2q. The profit maximizing output for the monopolist is

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