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Suppose the demand curve for a monopolist is Qd=500 P, and the marginal revenue function is MR = 500 2Q. The monopolist has a constant

Suppose the demand curve for a monopolist is Qd=500 P, and the marginal revenue function is MR = 500 2Q. The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist's profit-maximizing output and price. Calculate the monopolist's profit. What is the Lerner Index for this industry?

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