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Amina is a plant manager of a power company considered to be a monopoly. The firm faces an inverse demand curve described by P =
Amina is a plant manager of a power company considered to be a monopoly. The firm faces an inverse demand curve described by P = 230 - 20Q. The power company faces a cost function defined by C = 5 + 70Q. The maximizing price ($) is: 111 90 150 120
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