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4. Consider a monopolist that faces a linear inverse demand of: P(q) = 596 - 4q And has a cost function: C(q) = 1000 +

4. Consider a monopolist that faces a linear inverse demand of: P(q) = 596 - 4q And has a cost function: C(q) = 1000 + 4q What are the monopolistic market price (pM), quantity(qM), and profits (TM)? Show derivations neatly!) below. pul = qu =

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