Tuesday
July 22, 2014

Homework Help: Economics (Monopoly Pricing)

Posted by Nihl on Friday, August 22, 2008 at 1:10am.

A monopolist produces a product whose demand price and production costs
vary with quality s and quantity q according to

P (s; q) = s (1 - q)
C (s; q) = s^2 q [s-squared multiplied by q]

Calculate the price and quality levels that a monopolist would choose, and the
corresponding quantity sold.

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