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The demand and total cost equations for the output of a monopolist are Q = 120 - 2P TC = 5Q2 - 48Q+ 100 i.

The demand and total cost equations for the output of a monopolist are Q = 120 - 2P TC = 5Q2 - 48Q+ 100 i. Find the firm's profit-maximizing output level. ii. What is the economic profit (if any) at this output level

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