80 For a monopolist's product, the demand equation is p = 39-6q and the average-cost function is c=3+ Find the profit-maximizing price. q The profit-maximizing price is $

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
Section: Chapter Questions
Problem 14SQ
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80
For a monopolist's product, the demand equation is p = 39 - 6q and the average-cost function is c = 3 +
-. Find the profit-maximizing price.
q
The profit-maximizing price is $
Transcribed Image Text:80 For a monopolist's product, the demand equation is p = 39 - 6q and the average-cost function is c = 3 + -. Find the profit-maximizing price. q The profit-maximizing price is $
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