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Hodor, Inc. is a monopolist in the doorstop industry. Its cost is TO = 100-5q + q', MC =2q-5, ATC =100q-5 + q and the
Hodor, Inc. is a monopolist in the doorstop industry. Its cost is TO = 100-5q + q', MC =2q-5, ATC =100q-5 + q and the inverse demand function is is p = 55-q. What maximum profit the company can get in the long run? Make sure to answer in the form of $dollar amount, e.g. $125. Enter your answer here
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