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Answer on Economics of Enterprise Question for Arash

Question #39844
A monopolist can produce at constant average and marginal costs of AC = MC = 9. The firm faces a demand curve given by:
q = 75 –– p

Calculate the profit maximizing price quantity combination for the
monopolist. Also calculate the monopolist’’s profits
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Assignment Expert
08.04.2014 14:14

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07.04.2014 18:54

For the same above question...

What output would be produced by this industry under perfect competition? 
Show that PM > PC and QC = 2QM.

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