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consider the demand curves: Q1=30-1/2p

Question : consider the demand curves: Q1=30-1/2p : 6762

consider the demand curves:

Q1=30-1/2p

Q2=26-1/2p

cost curve:

c=4q+1/2q^2

how do you find the Oi Tariff price and profit?

I know that for the Oi Tariff price, you need to set P=MC with MC being 4+Q but what is P?

Poi=30. Foi=121. profit is 580. How do you come to these answers?

 

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Economics 1 Year Ago 132 Views
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