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Monopoly on a new type of gaming console
Course:- Microeconomics
Reference No.:- EM13700118





Assignment Help >> Microeconomics

A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.




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