Question

A monopolist firm has the total cost function and the demand function :
C(x) = ax + bx +c (a,b,c) >0
P(x) = B - ax (B, a>0 )
Show that the firm's optimum level are equal when it fixes
a) Output
b) Price
Explain how a monopolist fixes a price on the basis of demand of the product.​

Answer 1

Answer:

answer is M

Step-by-step explanation:

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