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monopolistically competitive firm faces demand given by this equation: P = 5 0 Q . It has no fixed costs and its marginal cost is

monopolistically competitive firm faces demand given by this equation: P =50 Q. It has no fixed costs and its marginal cost is $20 per unit. What is the value of the firm's monopoly profits when it sets a price that maximizes its monopoly profits?
a. $125 b. $300 c. $425 d. $225

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