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Demand curve that a monopoly faces equals QD=907-5P Rearranging that yields the inverse demand curve to P=907/5-QD/5 The MR curve is MR=
Demand curve that a monopoly faces equals QD=907-5P
Rearranging that yields the inverse demand curve to P=907/5-QD/5
The MR curve is MR= P=907/5-2QD/5
No fixed costs and MC is constant
AC=MC=5
What is the price this monopoly can change for what it produces?