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Use the following to answer questions 1-3: All 20 consumers are alike and each has a demand curve for a monopolist's product of of p=15-3q.

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Use the following to answer questions 1-3: All 20 consumers are alike and each has a demand curve for a monopolist's product of of p=15-3q. The cost of production C(Q) =2Q. Let the monopolist charge a price of $PM for aM unit purchased. Find the menu prices that maximize profits? (The buyer pays menu price PM for quantity qM) 1 What is qM ? Select one: O a. 0

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