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Calculate the profit-maximizing price
Course:- Microeconomics
Reference No.:- EM13700120





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A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.




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