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Suppose a monopolist faces the following demand curve: P= 200 - 3Q. The long-run marginal cost of production is constant and equal to $50, and
Suppose a monopolist faces the following demand curve: P= 200 - 3Q. The long-run marginal cost of production is constant and equal to $50, and there are no xed costs. A) What is the monopolist's prot-maximizing level of output? The monopolist's prot-maximizing level of output is B) What price will the prot-maximizing monopolist charge? The monopolist will charge C) How much prot will the monopolist make if she maximizes her prot? The monopolist's maximum prot is $
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