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A monopolist faces the (inverse) demand for its product: p = 50 - 2Q. The monopolist has a marginal ...

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A monopolist faces the (inverse) demand for its product: p = 50 - 2Q. The monopolist has a marginal ...

A monopolist faces the (inverse) demand for its product: p = 50 - 2Q. The monopolist has a marginal cost of 10/unit and a fixed cost given by F.
a.   Assume that F is sufficiently small such that the monopolist produces a strictly positive level of output. What is the profit-maximizing price and quantity?
b.   Compute the maximum profit for the monopolist in terms of F.
c.   For what values of F will the monopolists profit be negative?

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Microeconomics: Theory and Applications with Calculus

Edition: 4^th

Author: Perloff

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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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