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The market demand curve is p = 100 - 2 Q. Suppose a monopolist sets a price of p = 60 and produces Q =

The market demand curve is p = 100 - 2 Q. Suppose a monopolist sets a price of p = 60 and produces Q = 30. The monopolist expects that revenue will be $1,800. Do you think that revenue will be $1,800? In Handout 2, we learned a lesson which is illustrated in this problem. What was that lesson

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