Business, 16.11.2019 00:31 hockejoh000

Assume that a monopolist sells a product with the cost function c(x) f + 20x, where c(x) is total cost, f is a fixed cost, and x is the level of output. the market inverse demand function is p(x) 60 − x, where p is the price in the market. the firm will earn zero economic profit when it charges a price of $30 (this is not the price that maximizes profit). how much profit does the firm earn when it charges the price that maximizes profit?

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Assume that a monopolist sells a product with the cost function c(x) f + 20x, where c(x) is total co...

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