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Monopoly question: Demand: P = 120 - 0.2Q MR = 120 - 0.4Q TC = 2600 + 1Q + 0.05Q 2 MC = 1 +

Monopoly question:

Demand: P = 120 - 0.2Q

MR = 120 - 0.4Q

TC = 2600 + 1Q + 0.05Q2

MC = 1 + 0.1Q

Determine the monopoly profit for this firm.

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