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Question: Firm A is currently a monopolist facing the following market demand: Q = 3000-2P, where Q is the ...

Show transcribed image text Firm A is currently a monopolist facing the following market demand: Q = 3000-2P, where Q is the market quantity and P is the market price. The firm's short-run total cost is given by the following TC_A = 500Q_A where Q_A is the quantity produced by A. Accordingly, currently being a monopolist, Q_A = Q. Unable to price discriminate, to maximize profit this firm should produce _____units. A. 500 B. 1000 C. 1500 D. 1800 Unable to price discriminate the maximum profit for this firm equals: A. $180,000 B. $375.000 C. $450,000 D. $500,000

Firm A is currently a monopolist facing the following market demand: Q = 3000-2P, where Q is the market quantity and P is the market price. The firm's short-run total cost is given by the following TC_A = 500Q_A where Q_A is the quantity produced by A. Accordingly, currently being a monopolist, Q_A = Q. Unable to price discriminate, to maximize profit this firm should produce _____units. A. 500 B. 1000 C. 1500 D. 1800 Unable to price discriminate the maximum profit for this firm equals: A. $180,000 B. $375.000 C. $450,000 D. $500,000