2. The inverse market demand curve for a fnal good is p = 100 - Q and the marginal cost of
supplying labor is MCL= 40. Each unit of output requires half unit of labor, L, and no other
factor. That is, Q = 2L.
申論題內容
B. (10 points) If both the factor and output markets are a monopoly, what are the equilibrium
quantity and price in these two markets? How much profit does each firm make?
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