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    • Thread Starter

    a quick question
    I have to calculate P and Q for a monopolist.
    The monopolist would maximise profits =P*Q-AC*Q
    but we dont have AC
    we only have P (as a function of Q) and MC (as a function of Q)
    if it helps: beforehand, we calculated P, Q, PS and CS for the situation where the monopolist is regulated to behave competitive with P=MC
    in other excersises, we could use the assumption MC=AC but because it is not explicitly mentioned here, i guess it doesnt hold

    So how can calculate P, Q, CS, and PS here?
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