100 1. (4 marks) A monopoly sells to a market with demand D(p) = p2 and has a cost c(q) = q. (a) (3 marks)
100 1. (4 marks) A monopoly sells to a market with demand D(p) = p2 and has a cost c(q) = q. (a) (3 marks) Find the inverse demand curve, profit maximizing quantity and profit. (b) (1 mark) If the market was competitive, what price would be charged
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