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A monopoly faces the following demand curve: 225 Q= p2 where Q is the quantity demanded and P is the price. Its average variable cost

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A monopoly faces the following demand curve: 225 Q= p2 where Q is the quantity demanded and P is the price. Its average variable cost is AVC = 00.5 and its fixed cost is 2. (Unless otherwise instructed, round all answers to two decimal places.) Hint: If the demand has the form P = aQ", the marginal revenue (MR) is given by MR = a . (b + 1) . Q". If the AVC has the form AVC = Q", the marginal cost (MC) is given by MC = (1 + c) . Q" What are its profit-maximizing price and quantity? Its profit-maximizing quantity is units. The monopoly's profit-maximizing price is $. What is the resulting profit? Resulting profit is $ Suppose the government regulated the price to be $5.71 per unit. How much will the monopolist produce? The monopoly will produce units

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