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1.10 The inverse demand curve a monopoly faces is p = 1OQ^-0.5 a. What is the firm's marginal revenue curve? b. The firm's cost curve

1.10 The inverse demand curve a monopoly faces is p = 1OQ^-0.5

a. What is the firm's marginal revenue curve?

b. The firm's cost curve is C(Q) = 5Q. What is the profit-maximizing solution?

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