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Demand function of the smartphone producing company (in monopolistic competitive market) is given by Q = 5.5 - 2P The company estimates its total cost

Demand function of the smartphone producing company (in monopolistic competitive market) is given by

Q = 5.5 - 2P

The company estimates its total cost function to be TC = 2Q

Answer the following question properly:

a) calculate quantity, price, total revenue and profit when the company maximizes its profit

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