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The demand function for a monopolistic competitive firm is given as P = 2000 -1.5Q 2 and the MC is constant at RM800 per unit.

The demand function for a monopolistic competitive firm is given as P = 2000 -1.5Q² and the MC is constant at RM800 per unit. Calculate profit maximizing price and quantity.

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Question

The demand function for a monopolistic competitive firm is given as P = 2000 -1.5Q 2 and the MC is constant at RM800 per unit.