There is a software company which employs 10 software engineers. The company sells software packages and each of the engineers can make two packages of software a week with no cost. a) Imagine this company is under perfect competition with market demand function: Q = 20 – P. What should be the cost for a package of software. b) Now imagine this company has a monopoly in the market. What would change? Q = 20 - P No the price for a package.
There is a software company which employs 10 software engineers. The company sells software packages and each of the engineers can make two packages of software a week with no cost. a) Imagine this company is under perfect competition with market demand function: Q = 20 – P. What should be the cost for a package of software. b) Now imagine this company has a monopoly in the market. What would change? Q = 20 - P No the price for a package.
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