In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the com
pany's Proft-Maximization point. Fixed Costs remains at $1,000.00. Calculate the revenue, profit (any), and costs on the graph,
1 answer:
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for the columns where is less than or equal zero, use the first line of the function to calculate the value of f(x)
for every x greater than zero, use the second line to determine the value
hope this helps and gives some insight what to do.
if there are open questions left, feel free to ask them in the comments
have a beautiful day
-Alex