Question

Quantity price total cost 1 500$ 400$ 2 450 650 3 400 950 4 350 1,300...

Quantity price total cost
1 500$ 400$
2 450 650
3 400 950
4 350 1,300
5 300 1,700

a) Identify the profit maximizing quantity and price for this firm.

b) Discuss at least three ways in which this firm will try to keep its monopoly power

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