Market demand is p 64 - q7 a multiplant monopolist


Market demand is P = 64 - (Q/7). A multiplant monopolist operates three plants, with marginal cost functions:

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a) Find the monopolist's profit-maximizing price and output at each plant.

b) How would your answer to part (a) change if MC2 (Q2) = 4?

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Econometrics: Market demand is p 64 - q7 a multiplant monopolist
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