2. A monopolist has a demand curve given by P 100 Q and a total...
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2. A monopolist has a demand curve given by P ⫽ 100 ⫺ Q and a total cost curve given by TC ⫽ 16 ⫹ Q2. The associated marginal cost curve is MC ⫽ 2Q. Find the monopolist’s profit-maximizing quantity and price. How much economic profit will the monopolist earn?
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