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1.A monopolist faces a demand curve Q=280- 2P and has the total cost curve C(Q) = 0.5Q? +20Q+3000. What is the profit maximizing quantity that

1.A monopolist faces a demand curve Q=280- 2P and has the total cost curve C(Q) = 0.5Q? +20Q+3000. What is the profit maximizing quantity that the monopoly will set? what is the monopoly price? How much profit does the monopoly make? Graph the outcome and calculate the deadweight loss.

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