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1. Suppose the monopoly with marginal costs MC(Q) > 0 chooses some price p and quantity Q above the demand curve Q = D(p). Can

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1. Suppose the monopoly with marginal costs MC(Q) > 0 chooses some price p and quantity Q above the demand curve Q = D(p). Can the price-quantity pair (p,Q) be profit-maximizing? If yes, then explain why. If no, then give a price-quantity pair (p1,Q1), which provide a higher profit to the monopoly

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