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SOLVED: This is a price-setting firm problem. (show all work) Demand Function: P=32-Q Total Cost Function: C=Q²+8Q+4 Lerner Index Value is......? Price Elasticity of Demand is......? To maximize sales, this firm would
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SOLVED: There is only one firm in a non competitive market, with the cost function C(Q)=300+3Q^2. Market demand is P = 80−2Q i) Explain how this company with a monopoly will behave
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