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A monopoly's only variable cost is its wage bills

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A monopoly's only variable cost is its wage bills. Each one of its workers makes 6 unit of its product, using certain highly product-specific skills, and is paid a wage of $240 per day. Market demand is Q= 100-p and fixed cost are 400. Show that if the monopoly fears entry by an identical firm it is better of giving the workers a pay raise if the rival must meet this wage.