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3. Suppose consumers at Home have the following demand: 1 P=50 2Q a. Write the Home monopolist's marginal revenue equation. b. Assuming that marginal costs

3. Suppose consumers at Home have the following demand: 1 P=50 2Q a. Write the Home monopolist's marginal revenue equation. b. Assuming that marginal costs and average costs both equal $10 per unit, what is the rm's prot-maximizing level of output and price? c. Calculate the Home fn'm's prot

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