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Determine the profit at the revenue maximizing level and the

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Reference no: EM13327430

A monopolist faces the price equation P = 1,000 - 0.5Q, and cost is given as: TC = 400 + 100Q + 2.5Q^2.

1. Determine the profit at the revenue maximizing level and the profit maximizing level.

2. compare the answers above and comment on the appropriate goal of the firm.

Reference no: EM13327430

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