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11.14. Suppose a monopolist has a constant marginal cost MC = $50 and faces a demand curve P= 100-Q/2 (which can be rewritten as Q

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11.14. Suppose a monopolist has a constant marginal cost MC = $50 and faces a demand curve P= 100-Q/2 (which can be rewritten as Q = 200-2P). a) Find the profit-maximizing price and quantity for the monopolist using the IEPR. b) Find the profit-maximizing price and quantity for the monopolist by equating MR to MC

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