Julee has estimated the demand and marginal revenue for her product. they are p = 100 - 2q (quantity) and mr = 100 - 4q, respectively. she also experiences constant marginal cost of $16.
(a) does julee have any market power? how can you tell?
(b) what is julee’s profit-maximizing quantity?
(c) what price should julee charge at that profit-maximizing quantity?
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