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A monopolist has a total cost of TC = 25 + 5X + 5X 2 Assume the demand is X = 160 - 2P, where
A monopolist has a total cost of TC = 25 + 5X + 5X2
Assume the demand is X = 160 - 2P, where P is price. In this case, the monopolist faces a marginal revenue function of _____ and a marginal cost function _____.
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