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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Answer #1
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