Consider a market with inverse demand pq a -bq assume, Business Economics

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Consider a market with inverse demand pq a -bq assume

Consider a market with inverse demand P(Q) = a -bQ. Assume there is a monopoly firm with cost function C(q) = cq² .

(a) Find the optimal monopoly output and price.

(b) Compute the optimal profit for the firm.

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Business Economics: Consider a market with inverse demand pq a -bq assume

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Business Economics: Consider a market with inverse demand pq a -bq assume

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