A drug company has a monopoly on a new class of eye drops
A drug company has a monopoly on a new class of eye drops. The market demand is given by P=200-0.03*Q, and thus MR=200-0.06*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
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a drug company has a monopoly on a new class of eye drops the market demand is given by p200-003q and thus mr200-006q
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