Find the optimal monopoly price and the elasticity of demand

Reference no: EM13236324

Find the optimal monopoly price, the elasticity of demand at the optimal price, and the output distortion with respect to the perfectly competitive levels for the following cost and demand functions:

a. Q(p)= a-p andC(Q)=cQ

b. Q(p) = p^-a and C(Q) = cQ.

Reference no: EM13236324

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