What is the monopolist''s optimal markup of price

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1. Suppose a monopolist has the demand function Q = 1,000P^-3. What is the monopolist's optimal markup of price above marginal cost?

2. Suppose a monopolist has an inverse demand function given by P = 100Q^-1/2. What is the monopolist's optimal markup of price above marginal cost?

Reference no: EM131248384

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