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Consider a monopolist with a cost function given by: c(Q) = 100+ 50+ Q facing a market demand function given by: QD(P) 500-4P Solve
Consider a monopolist with a cost function given by: c(Q) = 100+ 50+ Q facing a market demand function given by: QD(P) 500-4P Solve for the monopolist's profit-maximizing quantity sold, profit-maximizing price, and their profits.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
