tripmom6124 tripmom6124

27-05-2023
Business

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Suppose there is a profit-maximising monopolist in the market. The demand curve for the monopolist is given by P= 80 – 3Q, where P is the price for each unit of product and Q is quantity. The marginal cost curve is MC = 4Q. What is the equilibrium price?

a,64

b.56

c.72

d.80

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