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Suppose that we are in a market dominated by a monopolist. Market demand is given by: Q = 229 - 2p The marginal cost of
Suppose that we are in a market dominated by a monopolist. Market demand is given by:
Q = 229 - 2p
The marginal cost of the firm is fixed, and is $17 per unit.
The monopolist acts as normal, setting the monopolist price and restricting the quantity supplied.
Given this, solve for the producer surplus of the monopolist.
Note: round your answer to two decimal places.\
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