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A multi-plant monopolist faces the inverse demand P = 30-Q. The first plant has a marginal cost of MC 1 = 2Q 1 and the

A multi-plant monopolist faces the inverse demand P = 30-Q. The first plant has a marginal cost of MC1 = 2Q1 and the second plant has a marginal cost of MC2 = 2Q2.

Determine:

  • Optimal Price
  • Total Number of units monopolist will supply
  • Number of units monopolist should produce at each plant

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