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The demand for a good is described by Qd

Question # 00542371
Subject: Economics
Due on: 06/08/2017
Posted On: 06/08/2017 04:59 AM

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The demand for a good is described by Qd = 120 – 2P. The good can be produced at a variable cost of 2Q^2, with fixed cost of $100.

How much output would this monopolist sell?

What price would this monopolist charge?

What profit would this monopolist make?

Tags described good demand monopolist cost good price sell profit make charge fixed described produced variable demand output

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The demand for a good is described by Qd

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