uestion 45 The demand for good X is given as P-45-Q. Firm A is a monopolist producing good with the following total cost function:7C = 76+ 30+0.502 . Suppose the government is considering deregulating this market in order to make the market for good X perfectly competitive. What is the equilibrium price if the government makes this market perfectly competitive? $17 $19 $16 $28 $18 $24
uestion 45 The demand for good X is given as P-45-Q. Firm A is a monopolist producing good with the following total cost function:7C = 76+ 30+0.502 . Suppose the government is considering deregulating this market in order to make the market for good X perfectly competitive. What is the equilibrium price if the government makes this market perfectly competitive? $17 $19 $16 $28 $18 $24
Chapter25: Monopoly
Section: Chapter Questions
Problem 14E
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![Question 45
The demand for good X is given as P=45-Q. Firm A is a monopolist producing good X
with the following total cost function:7C = 76+30+0.502 . Suppose the government is
considering deregulating this market in order to make the market for good X
perfectly competitive. What is the equilibrium price if the government makes this
market perfectly competitive?
$17
$19
$16
$28
$18
$24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F840a4280-47da-4e23-821c-6fcc5123ee72%2F71598715-6460-4978-b383-a2eebf23172a%2F9cr7fmt_processed.png&w=3840&q=75)
Transcribed Image Text:Question 45
The demand for good X is given as P=45-Q. Firm A is a monopolist producing good X
with the following total cost function:7C = 76+30+0.502 . Suppose the government is
considering deregulating this market in order to make the market for good X
perfectly competitive. What is the equilibrium price if the government makes this
market perfectly competitive?
$17
$19
$16
$28
$18
$24
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