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Choose one 1 pt The monopolist's demand curve is given by the following equation: P = 100 - 0.5Q where Q = q1 q2, q1

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1 pt The monopolist's demand curve is given by the following equation: P = 100 - 0.5Q where Q = q1 q2, q1 is the output produced in factory 1 and q2 is the output produced in factory 2. The cost equations of the two plants are: C1 = 20q1 and C2 = 0.25q22. The goal of the monopolist is to maximise profit. How much should the monopolist produce in factory 1 and how much in factory 2? O q1 = 70; 92 = 20 O q1 = 50; 92 = 10 O q1 = 40; 92 = 40 O q1 = 20; 92 = 60

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