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i. Suppose a monopoly rm has a constant marginal cost equal to $10. Its inverse demand curve is given by the following equations: P =

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i. Suppose a monopoly rm has a constant marginal cost equal to $10. Its inverse demand curve is given by the following equations: P = 86 2Q For this rm, the prot-maximizing price and output levels are: a. P=$48; Q=19 P=$43; Q=15 P=$10; Q=19 P=$21.50; Q=15 9-927

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