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The questions below are based on Ch. 24 and 25. 1. The monopoly faces a demand curve given by D (P) = 100 _ 2p.

The questions below are based on Ch. 24 and 25. 1. The monopoly faces a demand curve given by D (P) = 100 _ 2p. Its cost function is c (y) = 2y. (a) What is its optimal level of output and price? (b) What is the mark-up

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