What price should set to maximize the profits, Microeconomics

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What price should set to maximize the profits

The industry for air fresheners has one dominant firm, Glyde, and a number of smaller firms. The total market demand for air fresheners is Q = 80 - 2P.

The small firms' supply curve is QL = P - 10 where QL is the total quantity supplied by all the smaller firms. Glyde's costs are given by TCG = 100 + 6 QG. What price should Glyde set to maximize its profits?

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Microeconomics: What price should set to maximize the profits

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Microeconomics: What price should set to maximize the profits

Reference No:- TGS053424

Recent Questions Asked Microeconomics

Q : Organizations are human systems

Q : What is the amount of cash

Q : Meaning of equitable tax

Q : Identify a theory of motivation

Q : What price should set to maximize the profits

Q : Most adequate mixture of debt and equity

Q : What is the annual cost of facility to the community

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