Monopoly and Monopolistic Competition
Monopoly and Monopolistic Competition
Monopoly and Monopolistic Competition
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Chapter 11 Problems (1, 3, 5, 9, 11, 13)<br />
Harry should produce where marginal revenue equals<br />
marginal cost. Setting MR = dTR/dQ = d(100Q – Q 2 )/dQ =<br />
100 – 2Q equal to MC yields 100 – 2Q = 60 + 2Q Q =<br />
10.<br />
b. What price should he charge?<br />
Harry’s market clearing price at Q = 10 is P = 100 – 10 =<br />
90.<br />
3. The Coolidge Corporation is the only producer of a particular<br />
type of laser. The dem<strong>and</strong> curve for its product is<br />
Q D = 8,300 - 2.1P<br />
<strong>Monopoly</strong> <strong>and</strong> <strong>Monopolistic</strong> <strong>Competition</strong> Page 18
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