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QUESTION 5 A monopoly faces the following demand curve: Q(P) = 7,084 -77P Its total cost function is: C(Q) = $9948 + $56Q Calculate the

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QUESTION 5 A monopoly faces the following demand curve: Q(P) = 7,084 -77P Its total cost function is: C(Q) = $9948 + $56Q Calculate the profit maximizing quantity QUESTION 6 A firm in a monopolistically competitive market faces the following demand curve: Q(P) = 13,756-724P Its total cost function is: C(Q) = $11675+9Q Calculate the profit maximizing quantity

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