Microeconomics- monopoly market1 by ClassOf1

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CLASSOF1        [MICROECONOMICS- MONOPOLY MARKET]


  Document Description:
  Given the demand and cost functions, Calculation of profit maximizing Revenue,
  Cost, Price and output.
                Sub: Economics



              Question:

              Suppose you are a monopolist operating two plants at different locations. Both plants produce

              the same product;            is the quantity produced at plant 1, and                   is the quantity produced at

              plant 2. You face the following inverse demand function:                                      , where                    .
              The cost functions for the two plants are C1                25 2Q1 and C2               20   Q2


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