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a) Find the maximum possible profit for the monopolist. b) Find the fixed cost of the monopolist. (Hint: how to find total variable cost given

a) Find the maximum possible profit for the monopolist.
b) Find the fixed cost of the monopolist. (Hint: how to find total
variable cost given marginal cost.)
QUESTION: Assume a pure monopolist faces the following demand and marginal cost functions: Q\" = 4P + 24- 3Q MIT7 The average cost faced by the monopolist for different output levels is given in the below table

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