How much will the monopoly produce

Reference no: EM13182716

Consider a monopolist has a marginal cost such that MC=Q. In that market demand follows the equation Q (of demand)=500-.5P. What is the price the monopoly will charge? How much will the monopoly produce? (Remember the MR has thre same P-intercept as demand, but a slope that is twice as steep)

Reference no: EM13182716

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