The monopolist has a constant& ;marginal and av, Microeconomics

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The monopolist has a constant& ;marginal and av

Suppose the demand curve for a monopolist is QD = 500 − P, and the marginal revenue function is MR = 500 − 2Q. The monopolist has a constant marginal and average total cost of $50 per unit.
a.Find the monopolist’s profit-maximizing output and price?

b. Calculate the monopolist’s profit?

c. What is the Lerner Index for this industry?

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Microeconomics: The monopolist has a constant& ;marginal and av

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Microeconomics: The monopolist has a constant& ;marginal and av

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