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If the inverse demand curve of profit maximizing monopolist is given as P =1200 2Q , and cost function as C = Q3 61.25Q 2

  1. If the inverse demand curve of profit maximizing monopolist is given as P =1200 2Q , and cost function as

C = Q3 61.25Q2+1528.5Q + 2000, find equilibrium output level, monopolist price, and profit.

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