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Please answer the following question: 3. Consider the cost function of a monopolist is: C(Q) = 1600 + 10Q + 402 (1) and the market

Please answer the following question:

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3. Consider the cost function of a monopolist is: C(Q) = 1600 + 10Q + 402 (1) and the market demand is: QD = 3, 696 - 3P (2) (a) What will be the monopoly output and the profit under a single (uniform) price? (b) How can this monopolist increase its profit computed in (a)? Discuss possible price discrimination strategies and the deadweight loss from monopolization

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