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Consider a monopolist producer described by the following equations: Demand: P = 540 - 0.5Q Supply: P = 20 + 0.3Q If this firm produces
Consider a monopolist producer described by the following equations:
Demand: P = 540 - 0.5Q
Supply: P = 20 + 0.3Q
If this firm produces at the optimal quantity for the monopoly, what would the consumer surplus be?
**Round your answer to 2 decimal places through out your calculation and your answer**
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