#Final Questions

Final Questions

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Econ515   QUIZ 2     Name:____________________________________     Suppose that the demand curve for amonopo list is Q=500-P,andthemarginalrevenuefunction is MR = 500 -2Q.The monopolist has a constant marginal and average total cost of $50 per unit.  A)  Find the monopolist’s profit-maximizing out put and price. B)Calculate the monopolist’s profit. C)What is the Lerner Index for … Read more