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Find the market price and total output level how does the

A monopolist operates in two plants with two di?erent marginal costs:

M C1 (Q1 ) = 2Q1 and

M C2 (Q2 ) = 12 + Q2 .

The market demand is Q = 60 - P .

a. Find the market price and total output level. How does the monopolist allocate its production between plant 1 and plant 2?

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Find the market price and total output level how does the

Reference No:- TGS0665840

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