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Suppose a monopolist faces the demand function 120.1Q. The corresponding marginal revenue function is 120.2Q. Further, suppose that marginal cost is constant at $4. Part

Suppose a monopolist faces the demand function

120.1Q.

The corresponding marginal revenue function is

120.2Q.

Further, suppose that marginal cost is constant at

$4.

Part 2The profit maximizing quantity is_____________,

and the profit maximizing price is_______________

(Round your answer to the nearest penny.)

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