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Suppose Dan's Cleaning is the only playground cleaning business in Cleveland. Suppose we know the following about this market: Demand: P = 220 Q Total
Suppose Dan's Cleaning is the only playground cleaning business in Cleveland. Suppose we know the following about this market:
Demand: P = 220 Q
Total cost: TC = 100 + 10Q2
Find this monopolist's profit maximizing output and profit (hint MR = 200-2Q and MC = 20Q)
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