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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 2
XYZ corporation is a monopolist of widgets. The annual inverse demand function for widgets is P ( Q ) = 1000 5 Q. XYZ's annual cost function is C ( Q ) = 400 Q + 5 Q 2. What is its profit-maximizing price and (annual) quantity sold What is the deadweight loss from monopoly pricing
Explanation
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The inverse demand function of the compa...
Microeconomics 2nd Edition by Douglas Bernheim
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