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Formulate the corresponding lc problem

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Reference no: EM131483717

Question: A pure monopolist faces the following system of inverse demand functions and technology:

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(a) Formulate the corresponding primal and dual problems.

(b) Formulate the corresponding LC problem.

(c) Solve the LC problem by Lemke computer program and interpret all the results according to the model set up in (a).

Reference no: EM131483717

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