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Problem 3 2 Supposed the demand curve for the monopolist is given by: P=1004Q and the total cost function by: TC=20Q+Q2. What is the prot

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Problem 3 2 Supposed the demand curve for the monopolist is given by: P=1004Q and the total cost function by: TC=20Q+Q2. What is the prot maximizing price, quantity and profits? if the industry were to become perfectly competitive, what would the price and output become

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