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2. (10 points) The city administrator just announced that we are the sole provider of cable service in the town for the next 7 years.

2. (10 points) The city administrator just announced that we are the sole provider of cable service in the town for the next 7 years. The demand curve is P = 500 4Q. Our cost function is c(Q) = 1500 + 125Q + 2.250².

A.Given that we want to maximize profits, what is our decision rule? Explain briefly.

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