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Monopoly market HW

 
 
cjunh
 
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?
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mark noble
 
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Reply Sat 11 Sep, 2021 01:18 pm
@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
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