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In: Economics

1. Consider a monopolist facing the market demand function be QD = 200 -5P. Suppose that...

1. Consider a monopolist facing the market demand function be QD = 200 -5P. Suppose that this firm has constant average and marginal costs = $4 per unit produced.

a. Find the profit-maximizing level of Q and P, presuming the monopolist simply charges the same price to all of its customers

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