Business, 14.12.2019 02:31 Felixthecat8241

Amonopoly faces the following demand curve: q = 81/(p^2) where q is the quantity demanded and p is the price. its average variable cost is avc = (q^.5) and its fixed cost is 2.a. what are its profit-maximizing price and quantity and what is the resulting profit? [hint: mc = 1.5q0.5 , mr = 4.5q-0.5]b. suppose the government regulated the price to be $4.00 per unit. how much will the monopolist produce and what will profit be with this regulation? c. suppose the government wants to set a ceiling price that induces the monopolist to produce the largest possible output. what price will accomplish this goal?

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Amonopoly faces the following demand curve: q = 81/(p^2) where q is the quantity demanded and p is...

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