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The demand function for a product sold by an oligopolist operating in the short run is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the profit-maximizing price and quantity, if the firm operates in the short run (ignoring any possibility of rivalry “feedback” effects from its rivals)

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The demand function for a product sold by an oligopolist operating in the short run is given

below:

QD = 370 – P

The firm’s marginal cost function is given below:

MC = 10 + 4Q

Calculate the profit-maximizing price and quantity, if the firm operates in the short run (ignoring any possibility of rivalry “feedback” effects from its rivals)

 
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