Q) The correct option is 20.
P = 100 - 2Q
MC = Q
TR = P*Q = (100 - 2Q) Q = 100Q - 2Q^2.
MR = ∆TR/∆Q = 100 - 4Q
At profit maximising level of output: MR = MC
Therefore, 100 - 4Q = Q
5Q = 100
Q = 20.
Question 15 1 pts In a monopoly market, where demand is described by the equation P...
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