Question

Demand and cost of any monopoly are P = 50 - 6q, x = 60 + 14q respectively. What would be the equilibrium level of the issue price and profit? Prove the second condition of profit maximization.

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Answer 1

$\huge\underline\mathfrak\blue{\:♡Solution\:♡}$

Step-by-step explanation:

Step-by-step explanation:Since a monopolist faces a downward sloping demand curve, the only way it can sell more output is by reducing its price. Selling more output ...

Answer 2

Answer:

Heya!

That's your answer