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Short-run demand and total cost functions for a monopoly firm are as under:
Demand function : Q = 100 - 0.2 P
Price function : P = 500 - 5 Q
Cost function : TC = 50 + 20 Q + Q2Where Q = Total quantity of the product in physical units.
P = Price of the product per unit
TC = Total cost
What is the profit maximizing output of the pure monopoly firm?

Short-run demand and total cost functions for a monopoly firm are as under:
Demand function : Q = 100 - 0.2 P
Price function : P = 500 - 5 Q
Cost function : TC = 50 + 20 Q + Q2Where Q = Total quantity of the product in physical units.
P = Price of the product per unit
TC = Total cost
What is the profit maximizing output of the pure monopoly firm? Correct Answer 40

Related Questions

Consider the following statements:
1. A profit-maximizing monopolist in different markets will adjust his sales in the two markets to just equal his MC.
2. A profit-maximizing monopolist in separate market will not adjust his sales.
3. A profit-maximizing monopolist in separate markets will adjust his sales.
4. A profit-maximizing firm in separate markets will adjust his sales in each market so that his MR is less than Me.
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