Suppose the demand curve for qdnbsp 500 - p and the, Business Economics

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Suppose the demand curve for qdnbsp 500 - p and the

Suppose the demand curve for Q_D = 500 - p, and the marginal revenuue function is MR = 500 - 2Q. The monopolist has a constant marginal and averge total cost of $50 per unit.

a) Find the monopolist profit-maxmizing output and price

b) Calculate the monopolist

c) What is the Lerner Index for this industry.

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Business Economics: Suppose the demand curve for qdnbsp 500 - p and the

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