Solved: Optimum market quantitiy in a competitive market, Microeconomics

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Optimum market quantitiy in a competitive market

The optimum market quantitiy in a competitive market if:

P = 100 - .5q
MR = 100-q
Ac = 10$ per unit

Is this the way you calculate it? If not, how do you do it?

Profit = MC = MR

10 = 100-q
90 = q

How do you then calculate the quantity brought to market by a monopolist?

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Optimum market quantitiy in a competitive market

Reference No:- TGS01749038

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Optimum market quantitiy in a competitive market

Reference No:- TGS01749038

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