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Solve clearly 8. You are the manager of a monopoly that faces a demand curve described by P = 230 - 200. Your costs are

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Solve clearly

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8. You are the manager of a monopoly that faces a demand curve described by P = 230 - 200. Your costs are C = 5 + 30Q (10 points) a. The profit-maximizing output and price for your firm are: b. c. Graphically illustrate your answers 9. Discuss the merits and shortcomings of monopolistic market structure from the societal X perspective (10 points)

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