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A monopolist has the cost function TC(q)= 200q+ 15q 2 and faces the demand function given byP= 120010q. a. What output maximizes its profit? b.
A monopolist has the cost function TC(q)= 200q+ 15q2and faces the demand function given byP= 120010q.
a. What output maximizes its profit?
b. What is the profit-maximizing price?
c. What is its maximal profit?
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