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CLASSOF1 [MICROECONOMICS- MONOPOLY MARKET]
Given the demand and cost functions, Calculation of profit maximizing Revenue,
Cost, Price and output.
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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