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You are the manager of a monopoly, and your demand and cost functions are given by P = 300 3Q and C(Q) = 1,500

You are the manager of a monopoly, and your demand and cost functions are given by P = 300 − 3Q and C(Q) = 1,500 + 2Q^2, respectively.

a. What price–quantity combination maximizes your firm’s profits?

b. Calculate the maximum profits.

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