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A monopolist seller of Irish ceramics faces the following demand function for its product: P = 62 - 3Q. The fixed cost is $10

A monopolist seller of Irish ceramics faces the following demand function for its product: P = 62 - 3Q. The fixed cost is $10 and the marginal cost per unit is $2. What is the profit maximizing quantity for this monopoly? Hint: the marginal revenue curve is twice as steep as the inverse demand curve: MR = 62 - 6Q.

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