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Economics, Microeconomics
Year 4
managerial economics: monopoly vs perfectly competitive equilibirium
TR=$15Q-$).000005Q2(squared)
MR=dTR/dQ=$15=$0.00001Q
Marginal costs for production and distribution are stable at$5per unit. Calculate output, price and profits at profit-maximizing level. What record price and profit levels would prevail following expiration of copyright protection based on the assumption that perfectly competitive pricing would result?
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TR = $250Q - $0.001Q2
MR = MTR/MQ = $250 - $0.002Q
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