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Micro Economics - Maximising Profit by ClassOf1

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This document describes how to maximize profit under perfect competition market as well as for monopoly market condition

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CLASSOF1        [MICRO ECONOMICS - MAXIMISING PROFIT]


  Document Description:
  This document describes how to maximise profit under perfect competition
  market as well as for monopoly market condition.
                Sub: Economics



              Question:
              In a homogenous products duopoly, each firm has a total cost curve TC (Q) =10Q+(Q2/2) i=1,2. The
              market demand curve is P=100-Q where Q=Q1+Q2. Find the equilibrium price and total industry output
              under the following market structures:

                   a. Two firms are acting as perfe
								
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