yeglasslux is a single-price monopolist in the eye-glass rame market. It faces a Market demand given by Q=329-2P. Es Total Cost function is TC=6,407+24Q and Marginal Cost 5 МC-24. the government imposes a price ceiling of $26, what is the honopolist's PROFITS in the SHORT-run? Enter a number nly, drop the $ sign.
yeglasslux is a single-price monopolist in the eye-glass rame market. It faces a Market demand given by Q=329-2P. Es Total Cost function is TC=6,407+24Q and Marginal Cost 5 МC-24. the government imposes a price ceiling of $26, what is the honopolist's PROFITS in the SHORT-run? Enter a number nly, drop the $ sign.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Antitrust And Regulation
Section: Chapter Questions
Problem 11SQP
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![Eyeglasslux is a single-price monopolist in the eye-glass
frame market. It faces a Market demand given by Q=329-2P.
Its Total Cost function is TC=6,407+24Q and Marginal Cost
is MC=24.
If the government imposes a price ceiling of $26, what is the
monopolist's PROFITS in the SHORT-run? Enter a number
only, drop the $ sign.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27484300-95da-42ce-b23a-39f1abbb6553%2Fe7b95c83-9b17-4d91-8b64-3d56f24f2e4e%2F4z2rfv7_processed.png&w=3840&q=75)
Transcribed Image Text:Eyeglasslux is a single-price monopolist in the eye-glass
frame market. It faces a Market demand given by Q=329-2P.
Its Total Cost function is TC=6,407+24Q and Marginal Cost
is MC=24.
If the government imposes a price ceiling of $26, what is the
monopolist's PROFITS in the SHORT-run? Enter a number
only, drop the $ sign.
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