[Solution Library] A monopolist faces the following demand function: Q=200-2P , C(Q)=5Q , a- What is the profit maximizing level of output? b- What is the
Question: A monopolist faces the following demand function:
\[\begin{aligned} & Q=200-2P \\ & C\left( Q \right)=5Q \\ \end{aligned}\]a- What is the profit maximizing level of output?
b- What is the profit maximizing price?
c- Suppose that a tax of $5 for each unit. What is the profit – maximizing price?
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