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Craig's Red Sea Restaurant is the only restaurant in Columbia, South Carolina, that sells Ethiopian food. The demand for Ethiopian food is given by Q
Craig's Red Sea Restaurant is the only restaurant in Columbia, South Carolina, that sells Ethiopian food. The demand for Ethiopian food is given by Q = 25 - P. Craig's costs are given by TC = 2 + Q + 5Q2. Its maximum monopoly profit is:
a.
$22
b.
$21
c.
-$1
d.
$26
e.
$24
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