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Consider the quantity vector that was used in your midterm exam. You may download it from here Download hereif you do not have it in

Consider the quantity vector that was used in your midterm exam. You may download it from here Download hereif you do not have it in your archive. Also, consider the inverse demand function, MR function, and the MC function below for a monopolist: The Inverse Demand Function: P=3-0.165*Q The MR Function: MR=3-0.33*Q The MC Function: MC=1.04-0.12*Q 0.05*Q2 Flag question: 


Question 1; What is the profit-maximizing quantity for this monopolist? Hint: For this question, I encourage you to compute the difference between MR and MC under a separate column (i.e., MR-MC) and round the differences to two decimal points. 4.5 Flag question: 


Question 2; What is the profit-maximizing price for this monopolist? Round your answer to two decimal points

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