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Can anyone help me with this question? 2. The demand and marginal revenue curves of a monopoly are as follows: Q - 250 - SP,

Can anyone help me with this question?

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2. The demand and marginal revenue curves of a monopoly are as follows: Q - 250 - SP, MR = 50 - 0.40. The monopoly's MC -0.6Q and TC - 0.3Q + 1000. 10 pts. a) Derive the profit maximizing output, the price for the profit maximizing output, the maximum profit of the monopoly b) What will happen to this profit in the long run? Explain. c) Find the Lerner index and explain the meaning of the number you got

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