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economics question 2. A monopolist has the total cost foocoo E{}'} = 4m} + 21*: The inverse demand function is off] - 11H] 3' What

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economics question

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2. A monopolist has the total cost foocoo E{}'} = 4m} + 21*: The inverse demand function is off] - 11H] 3' What are the monopolist's prots? What would prots he ifthe monopolist was required to sell the quantity dominion! where price is Equal to marina] cost? [1|] points}

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