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1 Monopoly Consider a monopoly that faces the following costs: Total Cost: TC = 10q+ 5q2 Marginal Cost: MC = 10 + 10q and faces

1 Monopoly Consider a monopoly that faces the following costs: Total Cost: TC = 10q+ 5q2 Marginal Cost: MC = 10 + 10q and faces the following demand and marginal revenue curves: Inverse Demand: P = 100 -10q Marginal Revenue: MR = 100-20

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