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Consider a monopolistic market with demand function: P = 36 - 0.5Q The monopolist's marginal cost (MC) and total cost (TC) function are: MC =

Consider a monopolistic market with demand function: P = 36 - 0.5Q

The monopolist's marginal cost (MC) and total cost (TC) function are: MC = $2 TC = 4 + 2Q

What is price charged by the monopoly?

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