Find equilibrium price and quantity in competitive industry, Microeconomics

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Find equilibrium price and quantity in competitive industry

The demand for a monopolist's output is 3000/(p + 1)2 where p is her price

a.Calculate the firm's marginal revenue curve

b.What are the firm's profit-maximizing output and price? If MC=$5 and if MC=2y respectively

c.What would the equilibrium price and quantity be in a competitive industry?

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Microeconomics: Find equilibrium price and quantity in competitive industry

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Microeconomics: Find equilibrium price and quantity in competitive industry

Reference No:- TGS065037

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How will this business transaction affect

Q : Compute the total cost of borrowing the bonds

Q : How expansionary monetary policy affect extent of crowding

Q : Required annual estimated tax payment

Q : Find equilibrium price and quantity in competitive industry

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find equilibrium price and quantity in competitive industry

Reference No:- TGS065037

Recent Questions Asked Microeconomics

Q : How will this business transaction affect

Q : Compute the total cost of borrowing the bonds

Q : How expansionary monetary policy affect extent of crowding

Q : Required annual estimated tax payment

Q : Find equilibrium price and quantity in competitive industry

Q : Appearing on balance sheet at the end of the first period

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