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The demand curve for the product of a monopolist is a straight line such that quantity just falls to zero at a price of Rs 20 per unit and that the maximum quantity (at zero price) is 10000 units. The monopolist has no resource limitation and can produce any output at constant average cost of Rs 2 per unit.
Find the profit maximizing output, the price at which it will be sold, and the monopoly profit.
Q. Controlover Supply of Inputs - sources of monopoly? Furthermore, a monopoly situation may arise because of control over the supply of an essential input -skilled labour, raw
Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price floor of $20 is set, what will be the size of the resulting surplus?
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discuss the validity in zimbabwe of the grounds on which the profit maximising model of the firm has been defended
1. Prof. Thomas "Generally the term Monopoly is used to cover any effective price control, whether of demand or supply of services or goods; hardly it is used to mean a combination
show diferent auothers
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