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A monopolist has the following cost function TC=0.5Q-7Q + 124Q + 100 If the market demand function for the firm's product is P=1000-6Q (a)

A monopolist has the following cost function TC=0.5Q-7Q + 124Q + 100 If the market demand function for the firm's product is P=1000-6Q (a) What is the monopolist's profit-maximizing combination of price and quantity? (b) What is its profit?

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