Business, 22.11.2019 04:31 corrineikerd

You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by q = 36 – 4p and c(q) = 4 + 4q + q2.

(a) find the inverse demand function for your firm’s product. p = - q
(b) determine the profit-maximizing price and level of production.

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You are the manager of a monopolistically competitive firm, and your demand and cost functions are g...

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