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Assume the following demand and cost functions for a monopoly. P = 80 - 0.002Q TC = 100+20Q+0.006Q2 What would be the optimum combination of

Assume the following demand and cost functions for a monopoly.

P = 80 - 0.002Q

TC = 100+20Q+0.006Q2

What would be the optimum combination of price, quantity and profit if the firm behaves as a classical monopoly?

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