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Assume the market demand is P = 190 0.010. Suppose we have a monopolist with two plants. Plant 1's total cost is given as T131
Assume the market demand is P = 190 0.010. Suppose we have a monopolist with two plants. Plant 1's total cost is given as T131 = 150,000 + 4001 + 0.01 of Plant 2's total cost is given as T62 = 125,000 + 2002 + 0.02 0% I} What is the total output that maximizes the monopolist profit? What price should it charge? And how much protx'loss does it achieve? (5 marks) 2) How much should the monopolist produce in each plant
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