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AXL, Inc. is a monopolist in the insurance market. The total cost equation TC = 500 + 20Q 2 faced by AXL is and the

AXL, Inc. is a monopolist in the insurance market. The total cost equation TC = 500 + 20Q2 faced by AXL is

and the demand equation is P = 400 - 20Q2

a. Calculate the profit-maximising price and quantity for AXL.

b. What is the maximum profit for AXL?

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