Q.
1
Demand function: Q = 100 – 0.2P Price function: P = 500 – 5Q
Cost function: TC = 50+20 Q + Q²
Where Q = Total quantity of the product in physical units P = Price of the product per unit
TC = Total cost
What is the profit maximising output of the pure monopoly firm?
-
A
20
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B
35
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C
40
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D
50