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A firm with monopoly power faces marketdemandQ(P)=111-22Pand has cost of productionTC(Q)=3Q+Q 2 +0.22. Set up and solve the monopolist's optimization. Find the quantity produced under

A firm with monopoly power faces marketdemandQ(P)=111-22Pand has cost of productionTC(Q)=3Q+Q²+0.22.

Set up and solve the monopolist's optimization.

Find the quantity produced under monopoly and the market price.

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