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Consider a profit-maximizing, single-price monopolist in an industry with a demand curve of P = 80 - 2Q, and a marginal revenue curve of MR

Consider a profit-maximizing, single-price monopolist in an industry with a demand curve of P = 80 - 2Q, and a marginal revenue curve of MR = 80 - 4*Q.

If the firm has marginal costs of MC = 10 + 1*Q, what is the profit-maximizing price for the monopolist? (Round to the nearest cent (2 decimal points).)

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