Consider a situation where a monopolist faces the following, Business Economics

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Consider a situation where a monopolist faces the following

Consider a situation where a monopolist faces the following inverse market demand curve p = 100 - q and the following cost function TC = 4q + q²

a) derive the marginal revenue and marginal cost functions

b) what are the equilibrium price and quantity if this market behaved as if it were perfectly competitive?

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Business Economics: Consider a situation where a monopolist faces the following

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Business Economics: Consider a situation where a monopolist faces the following

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