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You are the manager of a monopolistically competitive firm

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You are the manager of a monopolistically competitive firm, and your demand and functions are given by Q = 20 ? 2P and C(Q) = 104 ? 14Q + Q2.;A Find the inverse demand function for your firm?s production.;B Determine the profit-maximizing price and level of production.;C Calculate your firm?s maximum profits.;D What long-run adjustments should you expect? Explain

 

Paper#26897 | Written in 18-Jul-2015

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