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Question 1 2 pts Suppose that we are in a market dominated by a monopolist. Market demand is given by: Q = 212 - 2p

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Question 1 2 pts Suppose that we are in a market dominated by a monopolist. Market demand is given by: Q = 212 - 2p The marginal cost of the rm is xed, and is $16 per unit. Given this, solve for the monopolist price. Note: round your answer to two decimal places

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