Reply
Thu 9 Sep, 2021 10:33 am
p=price, q=qty
Market Demand -> p=260-2q, MC=20+2q
I am required to find the qty that will be produced when it is a Monopoly market. My answer is 30, but that is not one of the options. Can kind souls help explain what the correct answer is please?
@cjunh,
Just go for the obvious - B=Beans, R=Runner - Just combine them until you see something that leads you to a happier place.
Have a lovely day
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace