a monopolist has a marginal cost of 22 and faces


A monopolist has a marginal cost of $22, and faces a demand curve of qd=280-7*P.

(i) Solve the monopolist's profit maximization problem.

(ii) What subsidy is necessary to induce the monopolist to produce the socially optimal level of output?

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Microeconomics: a monopolist has a marginal cost of 22 and faces
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