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You are the manager of Rountree Writer Inc. (a firm that sells a unique word processing software program). The firm operates as a monopoly. Your

You are the manager of Rountree Writer Inc. (a firm that sells a unique word processing software program). The firm operates as a monopoly. Your demand and cost functions are given by: P(Q) = 300 - 10Q TC(Q) = 1000 + 5Q Answer the following questions. 1) What output level maximizes the firm's profits? 2) What is the corresponding price?

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