The demand curve faced by a monopolist is: P = 120 - 3Q. The marginal cost curves in factory 1 and factory 2 are respectively as follows: MC1 = 10 + 20Q₁ MC₂ = 60 +5Q₂ What is the equilibrium price? Answer Choices: a. 99. b. 100. c. 101. d. 102.

The demand curve faced by a monopolist is: P = 120 - 3Q. The marginal cost curves in factory 1 and factory 2 are respectively as follows: MC1 = 10 + 20Q₁ MC₂ = 60 +5Q₂ What is the equilibrium price? Answer Choices: a. 99. b. 100. c. 101. d. 102.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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