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Regardless of the number of firms in a given market, each firm faces the same cost structure, C(q) = 1 + q2, where q is

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Regardless of the number of firms in a given market, each firm faces the same cost structure, C(q) = 1 + q2, where q is the number of units each firm produces. The market demand is 16 - 2p. a. Assume a single monopoly firm (one firm with complete market power) supplies the market. How many units will the monopolist choose to sell? What price will the monopolist set? What profit will the monopolist make? (If your profit is "ugly", don't worry about simplifying it.) Please circle your 3 . answers

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