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  • In a monopoly where MC = 0; P=100-2q; and FC = 500, determine the Total Revenue (TR).

In a monopoly where
MC = 0;
P=100-2q; and
FC = 500,
determine the Total Revenue (TR).

Answers (1)

best_answer

Total Revenue (TR)=P×q

TR=(100−2q)⋅q=100q−2q2

TR=100q−2q2

 

Posted by

Divya Sharma

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