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Determine the profit maximizing price

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A monopolist's inverse demand function is -3Q. Your company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1)= 6(Q1). The marginal cost of producing at facility 2 is MC2(6Q2)= 2Q2.

(a) Provide the equation for the monopolist's marginal revenue function.

(b) Determine the profit maximizing level of output for each facility.

(c) Determine the profit maximizing price

Reference no: EM131163578

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