A monopolist with total cost function 6(0) 2 4 + 30 + i Q2 faces a market demand function of QD(P) = 60 4P. a}
A monopolist with total cost function 6(0) 2 4 + 30 + i Q2 faces a market demand function of QD(P) = 60 4P. a} Calculate the monopolist's protmaximizing price and quantity sold, and the monopolist's profits, ifthe monopolist engages in uniform pricing. b} Depict the standard monopoly outcome with a graph (you do not have to graph the functions given above, just the generic monopoly problem}
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