ECON 1010 Assignment 3 (PKG 3) The demand for a monopoly is P = 80 -0.2QD. At what output level would the monopoly maximize total revenues? What is

ECON 1010 Assignment 3 (PKG 3)

The demand for a monopoly is P = 80 -0.2QD. At what output level would the monopoly maximize total revenues? What is the firm’s marginal revenue? What is the equilibrium price and quantity in the monopoly market when MC=40?