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A monopoly firm has a total fixed cost of Rs 100 and has the following demand schedule: (5 marks)
Quantity
1
2
3
4
5
6
7
8
9
10
Price
100
90
80
70
60
50
40
30
20
Find the short run equilibrium quantity, price and total profit. What would be the equilibrium in the long run? In case the total cost is Rs 1000, describe the equilibrium in the short run and in the long run.
By: santosh ProfileResourcesReport error
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