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A monopolist faces a demand curve given by: P = 40 -Q, where P is the price of the good and Q is the quantity
A monopolist faces a demand curve given by: P = 40 -Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $2. There are no fixed costs of production. How much profit will the monopolist make?
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