Let the demand curve for a good be given by p60-q also


Let the demand curve for a good be given by P=60-Q. Also, suppose that the marginal and average cost of producing the good is MC=AC=20. For this demand curve, MR=60-2Q. Find the competitive and monopoly quantities and price.

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Microeconomics: Let the demand curve for a good be given by p60-q also
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