Vigorous price competition between borders

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Reference no: EM1344145

Q. "If you've paid cover price for The Innocent Man by John Grisham, you've paid way too much." (Landy, Heather. "Book Wars," Fort Worth Star-Telegram, Texas, December 14, 2006.) This is the conclusion reached by the reporter who covered the vigorous price competition between Borders also Barnes & Noble in Fort Worth region during the 2006 holiday shopping season.

Q. A monopolist has demand also cost curves given by:

QD = 1,000 - 2P
TC = 5,000 + 50Q

a. Find the monopolist's profit-maximizing quantity also price

b. Find the monopolist's profit

Reference no: EM1344145

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