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solve it correctly please. I will rate accordingly. Ty_ped answer only. The inverse demand curve a monopoly faces is p= 110-2Q. The firm's cost curve

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solve it correctly please. I will rate accordingly. Ty_ped answer only.

image text in transcribed
The inverse demand curve a monopoly faces is p= 110-2Q. The firm's cost curve is C(Q) = 50 + 6Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is $ . (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $ . (round your answer to two decimal places.) How does your answer change if C(Q) = 100+ 6Q? The increase in fixed cost O A. has no effect on the equilibrium quantity, but the equilibrium price increases and profit decreases. O B. has no effect on the equilibrium price and quantity, but profit will decrease. O C. has no effect on the equilibrium quantity, but the equilibrium price increases and profit increases. O D. causes the firm to increase both the price and quantity, and profit increases

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