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The demand for a product sold by a monopolist is described by the following equation Q = 150 P where Q is the quantity and

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The demand for a product sold by a monopolist is described by the following equation Q = 150 P where Q is the quantity and P is the price per unit. The total cost function of the monopolist is TC=150+10Q + Q1. A. Write cut the rm's AFC, AVC, MC and ATC. (20%) B. After writing cut the rm's total revenue and the prot function of the rm as functions of Q, nd the rm's prot-maximizing quantity by applying calculus to the prot function. (20%) C. Find the prot-maximizing price and prot. (20%) D. If the rm is forced to operate as a perfectly competitive enterprise what is its prot? (40%) nrrnetinn 7

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