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Suppose that a monopolist has costs given by C(Q) = 20Q + 100 and faces a demand curve Q = 120 - 2p. What is

Suppose that a monopolist has costs given by C(Q) = 20Q + 100 and faces a demand curve Q = 120 - 2p. What is the monopolist's optimal quantity and price charged for each unit? Illustrate graphically.

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