Imperfect competitor faces the demand schedule


Problem:

PRICE

QUANTITY

5

 8

4

12

3

17

2

22

1

27

Suppose an imperfect competitor faces the demand schedule above and its marginal cost is constant at $2.  If the firm is able to produce any output level, then it maximizes profits at:

P=                Q=  

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Microeconomics: Imperfect competitor faces the demand schedule
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