What is the monopoly price of new drink, Microeconomics

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What is the monopoly price of new drink

Suppose a stream is discovered whose water has remarkable healing power.you decide to bottle the liquid and sell it. The market demand is linear and is given as P=30-Q! The marginal cost to produce this drink new drink is 3$. What price would this new drink sell for if it sold in a competitive market?what is the monopoly price of this new drink?

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Microeconomics: What is the monopoly price of new drink

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Microeconomics: What is the monopoly price of new drink

Reference No:- TGS053650

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What are the tax ramifications (irs only) of distribution

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Ask an Expert for Answer!!

Microeconomics: What is the monopoly price of new drink

Reference No:- TGS053650

Recent Questions Asked Microeconomics

Q : What are the tax ramifications (irs only) of distribution

Q : How to defend yourself in average productivity of workers

Q : What is the investment portion remaining

Q : What is the target variable cost per mouse

Q : What is the monopoly price of new drink

Q : Calculating the internal rate of return

Q : You will be writing about your motivation

Q : Amount of interest expense using effective-interest method

Q : What output quota would typical firm have to be limited

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