What is the price chosen by the entrepreneur, Microeconomics

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What is the price chosen by the entrepreneur

Assignment task: Monopoly

We assume that the firm is a monopoly. Let Q = D(P) = e^-P denote the demand faced by the firm, and c the (constant) cost to produce one unit.

a. Write the profit as a function of P and c.

b. What is the price chosen by the entrepreneur?

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Microeconomics: What is the price chosen by the entrepreneur

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