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1 Necessary and Sufficient Conditions, Profit 1.1 Problem A monopolist faces a demand function D : Ro - R defined by D(p) = I pa

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1 Necessary and Sufficient Conditions, Profit 1.1 Problem A monopolist faces a demand function D : Ro - R defined by D(p) = I pa (1) For a product that it may produce at cost c(q) = q for q 2 0 (2) a. Derive the marginal revenue function. b. Derive the marginal cost function. c. Compute the profit maximizing price and quantity. d. Suppose a

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