question archive Question *) The monopolist's demand is represented by p=20-q, and the marginal cost function is MC(q)=2q, in which q is the quantity produced/sold
Question *) The monopolist's demand is represented by p=20-q, and the marginal cost function is MC(q)=2q, in which q is the quantity produced/sold
Subject:EconomicsPrice: Bought3
Question
*) The monopolist's demand is represented by p=20-q, and the marginal cost function is MC(q)=2q, in which q is the quantity produced/sold. What is the production quantity and the price which can maximize the monopolist's profit?
**) Show in a figure the profit and deadweight loss for a monopolistic firm.
