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A monopoly faces the following demand curve: Q(P) = 2760 - 24P Its total cost function is: TC(Q) = $71Q + $1,616 Calculate the profits

A monopoly faces the following demand curve:

Q(P) = 2760 - 24P

Its total cost function is:

TC(Q) = $71Q + $1,616

Calculate the profits at the profit maximizing price and quantity

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