### [solution] » 1. A drug company has a monopoly on a new class of corticosteroid. The market demand is given by

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1. A drug company has a monopoly on a new class of corticosteroid. The market demand is given by P=240-0.002*Q. The monopolist's cost are described by TC=7,000,000+2Q calculate the profit-maximizing quantity.

2. As before a drug company has monopoly on a new class of corticosteroid. The market demand is given by P=240-0.002*Q. The monopolist's cost are described by TC=7,000,000+2Q. Calculate the profit- maximizing price.

3. As before a drug company has monopoly on a new class of corticosteroid. The market demand is given by P=240-0.002*Q. The monopolist's cost are described by TC=7,000,000+2Q. Calculate the maximum profits

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##### [solution] » 1. A drug company has a monopoly on a new class of corticosteroid. The market demand is given by .zip

This paper was answered on 14-Oct-2020

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