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A monopolist produces a product with a (constant) marginal cost equal to 500 per unit and it has no other costs. The demand for the
A monopolist produces a product with a (constant) marginal cost equal to 500 per unit and it has no other costs. The demand for the product is Q=1500-P. The monopolist's profits are equal to?
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
