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20. The following are the demand and supply for a monopoly market. How much would the monopolist choose to supply and how much would they

20. The following are the demand and supply for a monopoly market. How much would the monopolist choose to supply and how much would they charge? Report quantity results to the nearest whole unit and price to the nearest dollar. Compare your answers to those from homework I. Demand, MV: P = 310 - 10(Q) Supply, MC: P = 10 + 5(Q) P = Price; Q = Quantity

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