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A local electric utility (stock ticker: DVS) faces a downward demand curve given by P = 100 - (1/1000) Q, where Q is megawatt hours

A local electric utility (stock ticker: DVS) faces a downward demand curve given by P = 100 - (1/1000) Q, where Q is megawatt hours demanded annually.The monopoly has constant marginal costs of $20 per megawatt hour.

If the electric utility is unregulated, what price will it set?What are the monopolist's profits?

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