Profit maximizing quantitdemand function

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Question

A monopoly firm's profit maximizing price is equal than/to its marginal revenue at the profit maximizing quantitdemand function of the form p = 140 - 2Q and three firms, each of which has a constant marginal cost of MC = 20. The firms form a profit-maximizing cartel and operate subject to the constraint that each firm produces the same output.

Reference no: EM134033352

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