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A monopolist's total revenue and total cost functions are TR (Q) = 20Q - 3Q 2 TC (Q) = 2Q 2 a. Determine the output
A monopolist's total revenue and total cost functions are
TR (Q) = 20Q - 3Q2
TC (Q) = 2Q2
a. Determine the output level that will maximize profit ().
b. Determine maximum profit ().
c. Determine the price per unit at which the profit-maximizing output is sold.
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