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Question One The marketdemand curve for a firm operating as monopoly is given as Q = 34 - 0.2P and its corresponding cost function is

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Question One The marketdemand curve for a firm operating as monopoly is given as Q = 34 - 0.2P and its corresponding cost function is TC = 40 + 50Q + 5Q:. A) Calculate is profit maximizing price and output as well as profit. B') If it behaved like a perfect competitor, what would be its profit maximizing price and output as well as profit? C) What market phenomenon would be observed as a result of the answer in B

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