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The inverse demand curve a monopoly faces is p=110-Q The firm's cost curve is C(Q)= 30+5Q What is the profir-maximizing solution? 1. profit maximizing quantity?

The inverse demand curve a monopoly faces is

p=110-Q

The firm's cost curve is

C(Q)= 30+5Q

What is the profir-maximizing solution?

1. profit maximizing quantity?

2. Profit-maximizing price?

What is the firm's economic profit?

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