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A monopolist's inverse demand function is estimated as P = 600 3 Q . The company produces output at two facilities; the marginal cost of
A monopolist's inverse demand function is estimated asP = 600 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 2Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 6Q2.
A. Determine the profit-maximizing level of output for each facility.
Instructions: Round your response to two decimal places.
Output for facility 1:
Output for facility 2:
c. Determine the profit-maximizing price.
Instructions: Round your response to the nearest penny (two decimal places).
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