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The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for

The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows:

TC = 500,000 + 0.85Q + 0.015Q²

Q = 14,166 - 16.6P

Suppose the manufacturer is a monopolist. Determine the short-run profit-maximizing price and quantity combination.

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